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 ACM Research stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the sale, the director now directly owns 755,090 shares in the company, valued at $21,897,610. The trade was a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

ACM Research Stock Performance

ACM Research stock opened at $29.80 on Wednesday. The company has a market capitalization of $1.73 billion, a PE ratio of 22.58 and a beta of 1.61. The firm has a fifty day simple moving average of $22.43 and a two-hundred day simple moving average of $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 twelve month low of $13.87 and a twelve month high of $33.40.

Hedge Funds Weigh In On ACM Research

Several institutional investors and hedge funds have recently bought and sold shares of ACMR. Tower Research Capital LLC TRC raised its stake 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in ACM Research during the 4th quarter valued at $33,000. Erste Asset Management GmbH purchased a new stake in shares of ACM Research in the 3rd quarter worth about $37,000. Picton Mahoney Asset Management boosted its stake 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 valued at $47,000 after purchasing an additional 1,236 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of ACM Research during the third quarter valued at about $72,000. 66.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.