David H. Wang Sells 56,250 Shares of ACM Research, Inc. (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the completion of the transaction, the insider now directly owns 747,708 shares of the company’s stock, valued at $19,866,601.56. The trade was a 7.00 % 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.

ACM Research Price Performance

ACM Research stock opened at $29.18 on Friday. The firm has a 50-day moving average price of $21.87 and a 200-day moving average price of $19.18. The firm has a market capitalization of $1.70 billion, a PE ratio of 22.11 and a beta of 1.61. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $33.40.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently made changes to their positions in ACMR. Janney Montgomery Scott LLC bought a new stake in shares of ACM Research in the 3rd quarter worth about $1,056,000. GSA Capital Partners LLP lifted its holdings in ACM Research by 20.4% during the 3rd quarter. GSA Capital Partners LLP now owns 71,805 shares of the specialty retailer’s stock valued at $1,458,000 after buying an additional 12,185 shares in the last quarter. Parametrica Management Ltd bought a new stake in ACM Research during the 3rd quarter valued at about $400,000. Vaughan Nelson Investment Management L.P. bought a new stake in ACM Research during the 3rd quarter valued at about $482,000. Finally, Quest Partners LLC lifted its holdings in ACM Research by 156.4% during the 3rd quarter. Quest Partners LLC now owns 19,481 shares of the specialty retailer’s stock valued at $395,000 after buying an additional 11,883 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ACMR. JPMorgan Chase & Co. began coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 price objective for the company. Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, ACM Research has an average 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.