ACM Research, Inc. (NASDAQ:ACMR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.13 and traded as high as $23.94. ACM Research shares last traded at $23.78, with a volume of 1,058,710 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on ACMR shares. Craig Hallum lowered ACM Research from a "buy" rating to a "hold" rating and decreased their target price for the company from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC downgraded ACM Research from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.00.
Check Out Our Latest Research Report on ACM Research
ACM Research Trading Up 0.2 %
The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The firm has a market capitalization of $1.37 billion, a PE ratio of 18.02 and a beta of 1.58. The company's fifty day simple moving average is $17.77 and its 200-day simple moving average is $18.19.
Insider Transactions at ACM Research
In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the firm'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 completion of the sale, the insider now directly owns 100,002 shares of the company's stock, valued at $2,300,046. This trade represents a 18.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $19.08, for a total transaction of $1,073,250.00. Following the transaction, the insider now directly owns 710,506 shares in the company, valued at $13,556,454.48. This trade represents a 7.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 150,098 shares of company stock valued at $2,886,117 over the last ninety days. Insiders own 31.24% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of ACM Research by 1,418.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer's stock valued at $17,738,000 after purchasing an additional 1,097,358 shares during the last quarter. Squarepoint Ops LLC lifted its position in ACM Research by 33.7% in the fourth quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer's stock valued at $1,888,000 after buying an additional 31,511 shares during the last quarter. Triata Capital Ltd purchased a new position in ACM Research during the fourth quarter worth about $15,507,000. Sherbrooke Park Advisers LLC raised its stake in shares of ACM Research by 10.7% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 14,122 shares of the specialty retailer's stock valued at $213,000 after acquiring an additional 1,362 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in shares of ACM Research in the 4th quarter worth approximately $10,549,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.
ACM Research Company Profile
(
Get Free Report)
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.
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