ACM Research’s (ACMR) Hold Rating Reiterated at Needham & Company LLC

ACM Research (NASDAQ:ACMR)‘s stock had its “hold” rating restated by stock analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports.

Separately, Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.40.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $25.94 on Thursday. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.49 billion, a PE ratio of 19.65 and a beta of 1.58. The company’s fifty day moving average is $19.37 and its 200 day moving average is $18.64. ACM Research has a 52 week low of $13.87 and a 52 week high of $34.40.

Insider Activity at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the transaction, the insider now owns 100,002 shares in the company, valued at approximately $2,300,046. The trade was 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 currently owned by company insiders.

Institutional Trading of ACM Research

Several large investors have recently modified their holdings of the business. Erste Asset Management GmbH bought a new position in ACM Research during the 3rd quarter valued at approximately $37,000. Tower Research Capital LLC TRC raised its holdings in shares of ACM Research by 506.0% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ACM Research in the fourth quarter worth $33,000. Picton Mahoney Asset Management boosted its holdings in ACM Research by 66.2% in the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in ACM Research during the 3rd quarter valued at $72,000. 66.75% of the stock is owned by institutional investors.

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.