ACM Research (NASDAQ:ACMR) Trading Down 7.5% – Time to Sell?

ACM Research, Inc. (NASDAQ:ACMR) was down 7.5% on Friday . The company traded as low as $24.80 and last traded at $24.91. Approximately 374,601 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,379,059 shares. The stock had previously closed at $26.92.

Analyst Ratings Changes

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

ACM Research Price Performance

The firm has a 50-day moving average of $24.01 and a 200-day moving average of $19.87. 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 firm has a market capitalization of $1.44 billion, a P/E ratio of 18.69 and a beta of 1.61.

Insider Activity at ACM Research

In other ACM Research 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 directly owns 100,002 shares of the company’s stock, valued at approximately $3,000,060. This trade represents a 62.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sotheara Cheav sold 22,598 shares of the company’s 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 of the company’s stock, valued at $2,300,046. The trade was a 18.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 289,174 shares of company stock valued at $8,213,329 over the last ninety days. Insiders own 31.24% of the company’s stock.

Institutional Investors Weigh In On ACM Research

A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in 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 purchasing an additional 1,685 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ACM Research during the 4th quarter valued at about $33,000. Erste Asset Management GmbH purchased a new position in shares of ACM Research during the 3rd quarter valued at about $37,000. Picton Mahoney Asset Management grew 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 acquiring an additional 1,236 shares during the period. Finally, Federated Hermes Inc. increased its holdings in ACM Research by 42.0% in the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer’s stock worth $125,000 after acquiring an additional 2,447 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

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.