ACM Research (NASDAQ:ACMR) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of ACM Research (NASDAQ:ACMR) from a hold rating to a sell rating in a report issued on Saturday.

ACMR has been the topic of several other research reports. Roth Mkm reiterated a “buy” rating and issued a $40.00 price target on shares of ACM Research in a research note on Wednesday, November 5th. Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Finally, Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.00.

ACM Research Stock Performance

Shares of NASDAQ:ACMR opened at $64.84 on Friday. ACM Research has a 1 year low of $16.82 and a 1 year high of $71.65. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 37.70 and a beta of 1.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The company’s 50 day simple moving average is $49.45 and its 200 day simple moving average is $39.03.

Insider Transactions at ACM Research

In other news, insider David H. Wang sold 70,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total transaction of $2,314,200.00. Following the sale, the insider directly owned 802,708 shares in the company, valued at approximately $26,537,526.48. The trade was a 8.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Fuping Chen sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $33.20, for a total transaction of $3,320,000.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 250,000 shares of company stock valued at $8,342,600. Insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake in shares of ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 480 shares during the period. Leonteq Securities AG acquired a new stake in ACM Research in the fourth quarter valued at $28,000. Jones Financial Companies Lllp raised its position in ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its position in ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.