ACM Research, Inc. (NASDAQ:ACMR) Insider Sells $1,494,562.50 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the completion of the sale, the insider now directly owns 747,708 shares of the company’s stock, valued at approximately $19,866,601.56. This represents a 7.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ACM Research Price Performance

Shares of ACMR stock opened at $29.18 on Friday. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $33.40. The stock has a market cap of $1.70 billion, a PE ratio of 22.11 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. The firm’s 50 day moving average price is $21.87 and its two-hundred day moving average price is $19.19.

Analysts Set New Price Targets

A number of analysts recently weighed in on ACMR shares. Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. began coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, ACM Research has an average rating of “Moderate Buy” and an average price target of $29.40.

Hedge Funds Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cim LLC boosted its position in shares of ACM Research by 2.8% during the fourth quarter. Cim LLC now owns 17,149 shares of the specialty retailer’s stock worth $259,000 after purchasing an additional 475 shares in the last quarter. Rhumbline Advisers boosted 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 purchasing an additional 589 shares in the last quarter. Beacon Financial Advisory LLC boosted its position in shares of ACM Research by 7.1% during the fourth 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 in the last quarter. Arizona State Retirement System boosted its position in shares of ACM Research by 7.3% during the fourth quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer’s stock worth $226,000 after purchasing an additional 1,017 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ACM Research by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer’s stock worth $438,000 after purchasing an additional 1,061 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

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.