ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun Sells 9,518 Shares

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 9,518 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $29.00, for a total transaction of $276,022.00. Following the sale, the director now owns 755,090 shares of the company’s stock, valued at $21,897,610. This trade represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ACM Research Trading Down 0.6 %

Shares of ACMR opened at $29.80 on Wednesday. The stock’s 50-day moving average price is $22.43 and its 200 day moving average price is $19.36. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $33.40. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 22.58 and a beta of 1.61.

Hedge Funds Weigh In On ACM Research

A number of hedge funds have recently made changes to their positions in ACMR. Cim LLC boosted its holdings in shares of ACM Research by 2.8% in the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer’s stock valued at $259,000 after buying an additional 475 shares during the last quarter. Rhumbline Advisers grew its stake in ACM Research by 0.8% in the 4th quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer’s stock valued at $1,113,000 after buying an additional 589 shares during the last quarter. Beacon Financial Advisory LLC grew its position in shares of ACM Research by 7.1% in the fourth quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock valued at $219,000 after purchasing an additional 960 shares during the last quarter. Arizona State Retirement System increased its position in ACM Research by 7.3% during the 4th quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer’s stock worth $226,000 after buying an additional 1,017 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 acquiring an additional 1,061 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ACMR shares. Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. started 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, ACM Research currently has an average rating of “Moderate Buy” and an average target price 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.