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

ACM Research, Inc. (NASDAQ:ACMR) 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 value of $519,754.00. Following the completion of the sale, the insider now owns 100,002 shares in the company, valued at $2,300,046. This represents a 18.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

ACM Research Stock Performance

Shares of ACMR stock opened at $22.91 on Thursday. The firm has a 50 day moving average of $17.25 and a two-hundred day moving average of $18.06. The stock has a market capitalization of $1.32 billion, a PE ratio of 17.36 and a beta of 1.58. 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 52 week low of $13.87 and a 52 week high of $34.40.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Needham & Company LLC lowered shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a report on Wednesday, December 4th. Craig Hallum downgraded shares of ACM Research from a “buy” rating to a “hold” rating and reduced their price target for the company 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 issued a buy rating to the company. According to data from MarketBeat.com, ACM Research presently has an average rating of “Moderate Buy” and an average target price of $30.00.

Hedge Funds Weigh In On ACM Research

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ACM Research in the fourth quarter valued at approximately $33,000. Erste Asset Management GmbH acquired a new stake in shares of ACM Research in the 3rd quarter valued at $37,000. Picton Mahoney Asset Management lifted its position in shares of ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 1,236 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of ACM Research during the third quarter worth $72,000. Finally, CWM LLC grew its stake in shares of ACM Research by 128.4% during the third quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock worth $89,000 after purchasing an additional 2,478 shares in 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.