ACM Research, Inc. (NASDAQ:ACMR) Insider Sotheara Cheav Sells 22,598 Shares

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) insider Sotheara Cheav sold 22,598 shares of the business'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 sale, the insider now owns 100,002 shares of the company's stock, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ACM Research Trading Up 1.3 %

NASDAQ:ACMR traded up $0.29 on Thursday, reaching $23.20. The company's stock had a trading volume of 973,805 shares, compared to its average volume of 1,395,521. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $34.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The firm has a market cap of $1.34 billion, a PE ratio of 17.58 and a beta of 1.58. The business's 50-day moving average price is $17.25 and its two-hundred day moving average price is $18.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of ACM Research by 2,258.3% in 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 in the last quarter. Panview Capital Ltd bought a new stake in shares of ACM Research in the fourth quarter valued at about $20,758,000. SG Americas Securities LLC bought a new stake in shares of ACM Research in the fourth quarter valued at about $5,782,000. Trexquant Investment LP lifted its holdings in shares of ACM Research by 110.4% in the fourth quarter. Trexquant Investment LP now owns 572,870 shares of the specialty retailer's stock valued at $8,650,000 after purchasing an additional 300,622 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of ACM Research in the fourth quarter valued at about $4,379,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACMR has been the subject of a number of recent research reports. Craig Hallum downgraded ACM Research from a "buy" rating to a "hold" rating and dropped their target price for the stock from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC cut ACM Research from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.00.

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.