ACM Research (NASDAQ:ACMR) Shares Gap Down – Here’s Why

Shares of ACM Research, Inc. (NASDAQ:ACMR) gapped down before the market opened on Thursday . The stock had previously closed at $68.47, but opened at $62.50. ACM Research shares last traded at $57.41, with a volume of 457,672 shares changing hands.

Analyst Upgrades and Downgrades

ACMR has been the subject of several recent analyst reports. Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Roth Mkm restated a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a report on Wednesday, November 5th. Wall Street Zen cut shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

ACM Research Price Performance

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 firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 32.83 and a beta of 1.49. The stock has a 50 day moving average price of $53.36 and a two-hundred day moving average price of $40.86.

Insider Activity

In other ACM Research news, insider David H. Wang sold 70,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were 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 $26,537,526.48. This represents a 8.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 250,000 shares of company stock valued at $8,342,600. 25.00% of the stock is currently owned by corporate insiders.

Institutional Trading of ACM Research

A number of large investors have recently modified their holdings of ACMR. Vanguard Group Inc. boosted its holdings in ACM Research by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the period. LSV Asset Management raised its position in ACM Research by 462.9% in the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after purchasing an additional 2,059,405 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in ACM Research by 39.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock valued at $59,631,000 after purchasing an additional 649,116 shares in the last quarter. Triata Capital Ltd boosted its stake in shares of ACM Research by 26.0% in the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after buying an additional 413,000 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of ACM Research by 32.5% during the second quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock worth $36,822,000 after buying an additional 348,936 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

About ACM Research

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.