ACM Research, Inc. (NASDAQ:ACMR) Insider David H. Wang Sells 37,500 Shares

ACM Research, Inc. (NASDAQ:ACMR) insider David H. Wang sold 37,500 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the sale, the insider now directly owns 672,708 shares of the company’s stock, valued at approximately $18,364,928.40. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

ACM Research Trading Up 6.3 %

NASDAQ:ACMR opened at $29.18 on Friday. ACM Research, Inc. has a one year low of $13.87 and a one year high of $33.40. The business’s 50-day simple moving average is $21.87 and its 200 day simple moving average is $19.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 22.11 and a beta of 1.61.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently made changes to their positions in the business. Erste Asset Management GmbH acquired a new stake in shares of ACM Research during the third quarter worth approximately $37,000. Tower Research Capital LLC TRC grew its holdings in ACM Research by 506.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 1,685 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ACM Research in the 4th quarter worth about $33,000. Picton Mahoney Asset Management increased its position in shares of ACM Research by 66.2% in 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. Finally, Truvestments Capital LLC acquired a new stake in shares of ACM Research in the 3rd quarter valued at about $72,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ACMR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of ACM Research in a research report on Thursday, February 27th. Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. started coverage on shares of ACM Research in a research report on Friday, February 28th. They issued an “overweight” rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.