ACM Research (NASDAQ:ACMR) Trading 4.1% Higher – Should You Buy?

ACM Research, Inc. (NASDAQ:ACMR) was up 4.1% during trading on Tuesday . The stock traded as high as $28.69 and last traded at $28.88. Approximately 115,749 shares changed hands during trading, a decline of 92% from the average daily volume of 1,383,345 shares. The stock had previously closed at $27.74.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ACMR shares. Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a research note 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. began coverage on shares of ACM Research in a report on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.40.

ACM Research Stock Up 3.3 %

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 stock’s fifty day moving average is $23.42 and its two-hundred day moving average is $19.67. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 21.75 and a beta of 1.61.

Insider Activity at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of ACM Research 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 transaction, the insider now directly owns 100,002 shares of the company’s stock, valued at $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 is available through the SEC website. Also, Director Chenming Hu sold 163,308 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the completion of the sale, the director now owns 100,002 shares of the company’s stock, valued at approximately $3,000,060. The trade was a 62.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 289,174 shares of company stock valued at $8,213,329 over the last 90 days. Insiders own 31.24% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently modified their holdings of ACMR. Quest Partners LLC lifted its holdings in ACM Research by 156.4% during the third quarter. Quest Partners LLC now owns 19,481 shares of the specialty retailer’s stock worth $395,000 after acquiring an additional 11,883 shares during the period. Intech Investment Management LLC bought a new stake in shares of ACM Research during the 3rd quarter worth $254,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of ACM Research by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock worth $8,239,000 after buying an additional 13,879 shares during the last quarter. Citigroup Inc. grew its position in ACM Research by 8.7% during the third quarter. Citigroup Inc. now owns 340,207 shares of the specialty retailer’s stock valued at $6,906,000 after buying an additional 27,178 shares during the period. Finally, Algert Global LLC increased its holdings in 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 buying an additional 149,670 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

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.