ACM Research, Inc. (NASDAQ:ACMR) Given Average Rating of “Moderate Buy” by Analysts

ACM Research, Inc. (NASDAQ:ACMR) has been given an average recommendation of “Moderate Buy” by the four research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $27.75.

A number of equities analysts have weighed in on the stock. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research report on Friday. They set an “overweight” rating and a $36.00 target price for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ACM Research in a research report on Thursday.

ACM Research Stock Performance

ACMR traded up $0.06 during trading on Friday, hitting $26.16. 323,771 shares of the company traded hands, compared to its average volume of 1,608,244. The firm has a market cap of $1.51 billion, a P/E ratio of 19.83 and a beta of 1.58. The stock’s fifty day moving average is $19.37 and its 200 day moving average is $18.64. 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 has a one year low of $13.87 and a one year high of $34.40.

Insider Activity

In other news, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the transaction, the insider now directly owns 100,002 shares in the company, valued at approximately $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of ACM Research by 506.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 1,685 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ACM Research during the fourth quarter worth approximately $33,000. Erste Asset Management GmbH purchased a new position in shares of ACM Research in the third quarter worth $37,000. Picton Mahoney Asset Management increased its stake in shares of ACM Research by 66.2% in the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock worth $47,000 after buying an additional 1,236 shares during the period. Finally, Truvestments Capital LLC bought a new stake in ACM Research in the third quarter valued at $72,000. 66.75% of the stock is currently 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.