ACM Research (NASDAQ:ACMR) Lowered to “Sell” Rating by 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.

Several other equities analysts also recently commented on the company. Roth Mkm reiterated a “buy” rating and set a $40.00 price target on shares of ACM Research in a report on Wednesday, November 5th. Weiss Ratings downgraded shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Finally, Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

ACM Research Stock Up 1.2%

NASDAQ:ACMR opened at $64.84 on Friday. The business’s fifty day moving average price is $48.89 and its 200 day moving average price is $38.74. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 37.70 and a beta of 1.49. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. ACM Research has a 1-year low of $16.82 and a 1-year high of $71.65.

Insider Buying and Selling at ACM Research

In other news, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the transaction, the insider owned 802,708 shares in the company, valued at approximately $27,388,396.96. The trade was a 6.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Fuping Chen sold 20,000 shares of the company’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 $661,200.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 250,000 shares of company stock worth $8,342,600. 25.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ACM Research

A number of institutional investors have recently added to or reduced their stakes in ACMR. Inspire Advisors LLC acquired a new position in shares of ACM Research in the 4th quarter worth approximately $2,804,000. Advisory Research Inc. raised its position in ACM Research by 5.4% in the 4th quarter. Advisory Research Inc. now owns 27,324 shares of the specialty retailer’s stock valued at $1,078,000 after purchasing an additional 1,389 shares during the last quarter. Morgan Stanley boosted its stake in ACM Research by 58.8% in the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after purchasing an additional 515,340 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of ACM Research by 182.4% during the fourth quarter. First Trust Advisors LP now owns 215,323 shares of the specialty retailer’s stock worth $8,494,000 after purchasing an additional 139,080 shares during the last quarter. Finally, FirstWave Capital Management LLC acquired a new stake in shares of ACM Research in the fourth quarter valued at $1,163,000. 66.75% of the stock is owned by institutional investors and hedge funds.

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.