ACM Research (NASDAQ:ACMR) Trading 4.2% Higher – Should You Buy?

ACM Research, Inc. (NASDAQ:ACMR) shares traded up 4.2% on Tuesday . The stock traded as high as $25.43 and last traded at $25.34. 1,131,316 shares traded hands during trading, a decline of 31% from the average session volume of 1,638,628 shares. The stock had previously closed at $24.31.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ACMR shares. Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a 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. started coverage on shares of ACM Research in a research report on Friday. They set an “overweight” rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.40.

ACM Research Price Performance

The business’s fifty day moving average price is $19.77 and its 200 day moving average price is $18.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The stock has a market cap of $1.47 billion, a P/E ratio of 19.35 and a beta of 1.58.

Insider Activity at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.24% of the stock is owned by insiders.

Institutional Investors Weigh In On ACM Research

Several hedge funds have recently modified their holdings of ACMR. Janney Montgomery Scott LLC increased its holdings in ACM Research by 35.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer’s stock worth $1,067,000 after purchasing an additional 18,617 shares in the last quarter. Algert Global LLC grew its holdings in shares of ACM Research by 530.5% during the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock worth $3,611,000 after purchasing an additional 149,670 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of ACM Research during the fourth quarter worth about $5,782,000. Barclays PLC increased its stake in shares of ACM Research by 63.3% in the third quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock valued at $2,793,000 after buying an additional 53,319 shares during the period. Finally, XTX Topco Ltd bought a new position in ACM Research in the 3rd quarter valued at approximately $700,000. Institutional investors and hedge funds 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.