ACM Research (NASDAQ:ACMR) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.13 and traded as high as $23.94. ACM Research shares last traded at $23.78, with a volume of 1,058,710 shares.

Analyst Upgrades and Downgrades

ACMR has been the subject of several recent analyst reports. Needham & Company LLC cut shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Wednesday, December 4th. Craig Hallum cut shares of ACM Research from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $30.00 to $18.00 in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

ACM Research Trading Up 2.5 %

The firm has a market capitalization of $1.37 billion, a P/E ratio of 18.02 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. The firm’s 50-day simple moving average is $17.61 and its 200-day simple moving average is $18.14.

Insider Buying and Selling at ACM Research

In related news, Director Haiping Dun sold 15,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.12, for a total transaction of $286,800.00. Following the sale, the director now directly owns 774,148 shares of the company’s stock, valued at approximately $14,801,709.76. This represents a 1.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sotheara Cheav sold 22,598 shares of the 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 sale, the insider now directly owns 100,002 shares in the company, valued at $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,098 shares of company stock valued at $2,886,117. 31.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently made changes to their positions in ACMR. Rhumbline Advisers boosted its holdings in ACM Research by 0.8% in 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 increased its stake in ACM Research by 7.1% in 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 in the last quarter. Arizona State Retirement System increased its stake in ACM Research by 7.3% in 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 in the last quarter. Picton Mahoney Asset Management increased its stake in 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 buying an additional 1,236 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock worth $30,000 after buying an additional 1,685 shares in the last quarter. 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.