Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Insider Sells $519,754.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was 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. This represents a 18.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

ACM Research Stock Down 0.6 %

ACMR stock opened at $22.91 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. The firm has a 50-day moving average of $17.25 and a two-hundred day moving average of $18.06. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $34.40. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 17.36 and a beta of 1.58.

Analysts Set New Price Targets

A number of equities analysts have commented on ACMR shares. Craig Hallum cut ACM Research from a “buy” rating to a “hold” rating and reduced their target price for the company from $30.00 to $18.00 in a report on Thursday, December 5th. Needham & Company LLC cut ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, ACM Research presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Institutional Investors Weigh In On ACM Research

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in ACM Research by 0.8% during the fourth 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 last quarter. Beacon Financial Advisory LLC boosted its position 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 valued at $219,000 after acquiring an additional 960 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of ACM Research by 7.3% in the fourth quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 1,017 shares during the period. Picton Mahoney Asset Management increased its position in ACM Research by 66.2% during the fourth 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, The Manufacturers Life Insurance Company raised its stake in ACM Research by 7.6% during the second quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer’s stock worth $449,000 after purchasing an additional 1,382 shares during the period. Institutional investors and hedge funds 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.