ACM Research (NASDAQ:ACMR) Stock Price Up 4.1% - What's Next?

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) traded up 4.1% on Tuesday . The company traded as high as $28.69 and last traded at $28.88. 115,749 shares were traded during mid-day trading, a decline of 92% from the average session volume of 1,383,345 shares. The stock had previously closed at $27.74.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ACMR shares. Needham & Company LLC restated a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. JPMorgan Chase & Co. started coverage on ACM Research in a research note on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target for the company. Finally, Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.40.

ACM Research Stock Performance

The stock has a fifty day moving average price of $24.15 and a 200 day moving average price of $19.93. 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 firm has a market cap of $1.43 billion, a price-to-earnings ratio of 18.64 and a beta of 1.61.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 56,250 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the completion of the sale, the insider now directly owns 747,708 shares in the company, valued at $19,866,601.56. This represents a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sotheara Cheav sold 22,598 shares of the firm'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 in the company, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 289,174 shares of company stock worth $8,213,329 over the last 90 days. Insiders own 31.24% of the company's stock.

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Institutional Trading of ACM Research

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in shares of ACM Research by 506.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after buying an additional 1,685 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in ACM Research during the fourth quarter worth $33,000. Erste Asset Management GmbH acquired a new position in ACM Research during the 3rd quarter valued at $37,000. Picton Mahoney Asset Management boosted its holdings in ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 1,236 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in ACM Research by 42.0% in the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 2,447 shares during the period. Institutional investors own 66.75% of the company's stock.

About ACM Research

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.