ACM Research, Inc. (NASDAQ:ACMR) Insider David H. Wang Sells 37,500 Shares

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) insider David H. Wang sold 37,500 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the completion of the sale, the insider now owns 672,708 shares of the company's stock, valued at approximately $18,364,928.40. This represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ACM Research Stock Up 6.3 %

ACMR stock traded up $1.74 during trading hours on Friday, reaching $29.18. 2,361,151 shares of the stock were exchanged, compared to its average volume of 1,702,291. The firm's 50-day moving average is $21.87 and its 200-day moving average is $19.18. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 22.11 and a beta of 1.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $33.40.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently added to or reduced their stakes in the company. Cim LLC boosted its stake in shares of ACM Research by 2.8% during the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock worth $259,000 after buying an additional 475 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ACM Research by 1,418.5% during 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 worth $17,738,000 after buying an additional 1,097,358 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of ACM Research by 33.7% during the 4th quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer's stock worth $1,888,000 after buying an additional 31,511 shares during the last quarter. Triata Capital Ltd acquired a new position in shares of ACM Research during the 4th quarter worth about $15,507,000. Finally, Sherbrooke Park Advisers LLC boosted its stake in shares of ACM Research by 10.7% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 14,122 shares of the specialty retailer's stock worth $213,000 after buying an additional 1,362 shares during the last quarter. Institutional investors own 66.75% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Needham & Company LLC restated a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price objective for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

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.