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

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the completion of the transaction, the insider now directly owns 672,708 shares in the company, valued at approximately $18,364,928.40. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

ACM Research Price Performance

Shares of ACM Research stock traded down $0.06 on Thursday, hitting $27.44. 1,130,863 shares of the company traded hands, compared to its average volume of 1,688,563. The business has a 50-day simple moving average of $21.60 and a 200 day simple moving average of $19.11. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $33.40. The stock has a market capitalization of $1.59 billion, a P/E ratio of 20.79 and a beta of 1.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

Institutional Investors Weigh In On ACM Research

Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its position in ACM Research by 35.8% in the fourth 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 during the last quarter. Algert Global LLC increased its position in ACM Research by 530.5% during the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock valued at $3,611,000 after acquiring an additional 149,670 shares during the last quarter. SG Americas Securities LLC bought a new position in ACM Research during the fourth quarter valued at $5,782,000. Barclays PLC increased its position in ACM Research by 63.3% during the third quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock valued at $2,793,000 after acquiring an additional 53,319 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in ACM Research during the third quarter valued at $700,000. Institutional investors own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ACMR has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. began coverage on shares of ACM Research in a report on Friday, February 28th. They set an “overweight” rating and a $36.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.