ACM Research (NASDAQ:ACMR) Stock Price Down 7.5% - Should You Sell?

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) shares were down 7.5% during trading on Friday . The company traded as low as $24.80 and last traded at $24.91. Approximately 374,601 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,379,059 shares. The stock had previously closed at $26.92.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ACMR shares. Needham & Company LLC restated a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. assumed coverage on ACM Research in a report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, ACM Research has a consensus rating of "Moderate Buy" and an average price target of $29.40.

ACM Research Trading Up 2.6 %

The firm has a 50 day moving average of $24.27 and a 200-day moving average of $20.03. The firm has a market capitalization of $1.39 billion, a P/E ratio of 18.14 and a beta of 1.61. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling

In related news, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $30.00, for a total value of $4,899,240.00. Following the transaction, the director now directly owns 100,002 shares of the company's stock, valued at $3,000,060. This trade represents a 62.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sotheara Cheav sold 22,598 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the sale, the insider now owns 100,002 shares of the company's stock, valued at $2,300,046. The trade was a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 289,174 shares of company stock worth $8,213,329. Company insiders own 31.24% of the company's stock.

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Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ACMR. Vanguard Group Inc. increased its position in ACM Research by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer's stock valued at $63,441,000 after acquiring an additional 67,255 shares during the period. Kerrisdale Advisers LLC increased its position in ACM Research by 550.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock valued at $29,415,000 after purchasing an additional 1,648,685 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in ACM Research by 2,258.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock worth $22,171,000 after purchasing an additional 1,406,968 shares during the last quarter. Panview Capital Ltd acquired a new position in shares of ACM Research in the 4th quarter worth approximately $20,758,000. Finally, Pertento Partners LLP boosted its stake in shares of ACM Research by 22.3% in the 4th quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer's stock valued at $17,894,000 after purchasing an additional 215,744 shares during the last quarter. Institutional investors own 66.75% of the company's stock.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.