Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Director Sells 163,308 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Chenming Hu sold 163,308 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $30.00, for a total value of $4,899,240.00. Following the transaction, the director now directly owns 100,002 shares in the company, valued at approximately $3,000,060. This trade represents a 62.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ACM Research Price Performance

ACM Research stock opened at $27.50 on Friday. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $33.40. The stock’s 50 day moving average is $22.95 and its 200-day moving average is $19.49. 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 company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 20.83 and a beta of 1.61.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of ACM Research by 5.1% in the 4th quarter. California State Teachers Retirement System now owns 48,316 shares of the specialty retailer’s stock valued at $730,000 after acquiring an additional 2,336 shares during the last quarter. Cim LLC increased its holdings in ACM Research by 2.8% in the fourth quarter. Cim LLC now owns 17,149 shares of the specialty retailer’s stock valued at $259,000 after purchasing an additional 475 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ACM Research by 1,418.5% in 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 acquiring an additional 1,097,358 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of ACM Research by 33.7% in the 4th quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer’s stock worth $1,888,000 after acquiring an additional 31,511 shares in the last quarter. Finally, Triata Capital Ltd bought a new position in shares of ACM Research in the 4th quarter worth about $15,507,000. 66.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ACMR. JPMorgan Chase & Co. began coverage on ACM Research in a research report on Friday, February 28th. They set an “overweight” rating and a $36.00 price target on the stock. Craig Hallum raised ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.