ACM Research (NASDAQ:ACMR) Stock Rating Upgraded by Craig Hallum

ACM Research (NASDAQ:ACMR - Get Free Report) was upgraded by analysts at Craig Hallum from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports.

Separately, Needham & Company LLC cut shares of ACM Research from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a research report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.40.

ACM Research Stock Down 0.6 %

Shares of ACM Research stock traded down $0.16 during trading on Wednesday, hitting $25.94. 1,792,337 shares of the stock were exchanged, compared to its average volume of 1,649,190. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 19.65 and a beta of 1.58. The firm's 50-day moving average price is $19.59 and its 200 day moving average price is $18.69. ACM Research has a 12-month low of $13.87 and a 12-month high of $34.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

Insider Activity at ACM Research

In other news, insider Sotheara Cheav sold 22,598 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were 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 approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ACM Research

A number of institutional investors and hedge funds have recently made changes to their positions in ACMR. Janney Montgomery Scott LLC increased its stake in shares of ACM Research by 35.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer's stock worth $1,067,000 after acquiring an additional 18,617 shares during the period. Algert Global LLC increased its stake in shares of ACM Research by 530.5% during the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer's stock worth $3,611,000 after acquiring an additional 149,670 shares during the period. SG Americas Securities LLC acquired a new position in shares of ACM Research during the fourth quarter worth about $5,782,000. Barclays PLC increased its stake in shares of ACM Research by 63.3% during the third quarter. Barclays PLC now owns 137,584 shares of the specialty retailer's stock worth $2,793,000 after acquiring an additional 53,319 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of ACM Research during the third quarter worth about $700,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

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.