ACM Research (NASDAQ:ACMR) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of ACM Research (NASDAQ:ACMR) in a report released on Thursday,Benzinga reports.

Separately, Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

ACM Research Stock Down 5.7 %

Shares of ACMR stock opened at $26.10 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research has a 1 year low of $13.87 and a 1 year high of $34.40. The firm’s fifty day moving average price is $19.16 and its two-hundred day moving average price is $18.59. The firm has a market capitalization of $1.50 billion, a P/E ratio of 19.77 and a beta of 1.58.

Insider Activity

In related news, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the completion of the sale, the insider now owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 31.24% of the company’s stock.

Institutional Trading of ACM Research

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in shares of ACM Research by 0.8% during the 4th quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer’s stock worth $1,113,000 after buying an additional 589 shares during the period. Beacon Financial Advisory LLC boosted its holdings in shares of ACM Research by 7.1% during the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock worth $219,000 after buying an additional 960 shares during the period. Arizona State Retirement System boosted its holdings in shares of ACM Research by 7.3% during the 4th quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer’s stock worth $226,000 after buying an additional 1,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of ACM Research by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer’s stock worth $438,000 after buying an additional 1,061 shares during the period. Finally, Picton Mahoney Asset Management boosted its holdings 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 buying an additional 1,236 shares during the period. 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.