ACM Research, Inc. (NASDAQ:ACMR) Insider Sotheara Cheav Sells 22,598 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 22,598 shares of the stock in a transaction dated Thursday, February 6th. The stock was 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 approximately $2,300,046. This trade represents a 18.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ACM Research Trading Up 2.6 %

NASDAQ ACMR opened at $23.36 on Tuesday. ACM Research, Inc. has a one year low of $13.87 and a one year high of $34.40. The firm has a 50 day simple moving average of $16.83 and a 200-day simple moving average of $17.96. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 17.70 and a beta of 1.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

Hedge Funds Weigh In On ACM Research

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in shares of ACM Research by 0.8% during the fourth quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer’s stock worth $1,113,000 after acquiring an additional 589 shares during the period. Beacon Financial Advisory LLC increased its holdings in ACM Research by 7.1% during the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock worth $219,000 after purchasing an additional 960 shares during the period. Arizona State Retirement System raised its position in ACM Research by 7.3% in the 4th quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 1,017 shares in the last quarter. Picton Mahoney Asset Management raised its position in ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 1,236 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of ACM Research by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer’s stock valued at $449,000 after buying an additional 1,382 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ACMR shares. Needham & Company LLC cut shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Wednesday, December 4th. Craig Hallum cut ACM Research from a “buy” rating to a “hold” rating and decreased their price target for the stock from $30.00 to $18.00 in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.00.

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.