ACM Research (NASDAQ:ACMR) Trading Up 4.1% – Should You Buy?

ACM Research, Inc. (NASDAQ:ACMR)’s stock price rose 4.1% on Tuesday . The company traded as high as $28.69 and last traded at $28.88. Approximately 115,749 shares were traded during trading, a decline of 92% from the average daily volume of 1,383,345 shares. The stock had previously closed at $27.74.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ACMR. JPMorgan Chase & Co. started coverage on shares of ACM Research in a report on Friday, February 28th. They set an “overweight” rating and a $36.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. Finally, Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, ACM Research currently has a consensus rating of “Moderate Buy” and an average target price of $29.40.

ACM Research Trading Down 2.6 %

The company has a market cap of $1.62 billion, a P/E ratio of 21.07 and a beta of 1.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The stock’s 50-day moving average is $23.83 and its two-hundred day moving average is $19.82.

Insider Buying and Selling at ACM Research

In other news, Director Chenming Hu sold 163,308 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $30.00, for a total value of $4,899,240.00. Following the transaction, the director now owns 100,002 shares of the company’s stock, valued at $3,000,060. This trade represents a 62.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the transaction, the insider now directly owns 747,708 shares in the company, valued at $19,866,601.56. This represents a 7.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 289,174 shares of company stock valued at $8,213,329. 31.24% of the stock is owned by company insiders.

Institutional Trading of ACM Research

Several institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in ACM Research by 35.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer’s stock worth $1,067,000 after purchasing an additional 18,617 shares during the period. SG Americas Securities LLC purchased a new position in shares of ACM Research in the fourth quarter worth $5,782,000. Barclays PLC boosted its holdings in shares of ACM Research by 63.3% during the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock valued at $2,793,000 after purchasing an additional 53,319 shares during the last quarter. XTX Topco Ltd bought a new position in ACM Research during the third quarter valued at approximately $700,000. Finally, Truist Financial Corp purchased a new position in shares of ACM Research in the fourth quarter valued at $299,000. Hedge funds and other 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.