ACM Research (NASDAQ:ACMR) Stock Price Down 4.4% Following Insider Selling

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report)'s stock price fell 4.4% during mid-day trading on Thursday following insider selling activity. The company traded as low as $28.04 and last traded at $27.94. 489,553 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 1,660,472 shares. The stock had previously closed at $29.22.

Specifically, Director Chenming Hu sold 163,308 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the completion of the sale, the director now owns 100,002 shares of the company's stock, valued at $3,000,060. This represents a 62.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Haiping Dun sold 9,518 shares of ACM Research stock in a transaction on Friday, March 14th. The stock was sold at an average price of $29.00, for a total transaction of $276,022.00. Following the completion of the transaction, the director now directly owns 755,090 shares in the company, valued at $21,897,610. This represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analysts Set New Price Targets

ACMR has been the subject of a number of recent analyst reports. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. began coverage on ACM Research in a report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target for the company. Finally, Needham & Company LLC restated a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, ACM Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.40.

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ACM Research Trading Up 2.8 %

The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $23.17 and a 200 day simple moving average of $19.59. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 20.92 and a beta of 1.61.

Institutional Investors Weigh In On ACM Research

A number of large investors have recently bought and sold shares of ACMR. Vanguard Group Inc. lifted its stake in ACM Research by 1.6% during 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 raised its holdings in shares of ACM Research by 550.8% during the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock worth $29,415,000 after purchasing an additional 1,648,685 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in ACM Research by 2,258.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock valued at $22,171,000 after purchasing an additional 1,406,968 shares during the period. Panview Capital Ltd purchased a new stake in ACM Research in the fourth quarter valued at $20,758,000. Finally, Pertento Partners LLP boosted its holdings in ACM Research by 22.3% in the fourth 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. Hedge funds and other 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.