ACM Research (NASDAQ:ACMR) Director Sells $2,132,100.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Tracy Liu sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the completion of the sale, the director directly owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. The trade was a 28.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tracy Liu also recently made the following trade(s):

• On Wednesday, March 11th, Tracy Liu sold 15,000 shares of ACM Research stock. The shares were sold at an average price of $47.91, for a total value of $718,650.00.

ACM Research Trading Up 2.5%

ACMR opened at $46.38 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. The stock’s 50 day moving average price is $55.72 and its 200-day moving average price is $42.86. ACM Research, Inc. has a one year low of $16.82 and a one year high of $71.65. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 33.85 and a beta of 1.49.

Institutional Trading of ACM Research

A number of institutional investors have recently modified their holdings of ACMR. Maryland State Retirement & Pension System raised its stake in shares of ACM Research by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock worth $306,000 after acquiring an additional 168 shares in the last quarter. MML Investors Services LLC lifted its position in ACM Research by 1.0% during the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock valued at $901,000 after acquiring an additional 217 shares during the last quarter. GAMMA Investing LLC boosted its stake in ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 299 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in ACM Research by 90.1% in 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in ACM Research by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock worth $700,000 after purchasing an additional 343 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ACMR. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. Wall Street Zen lowered shares of ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday, March 8th. Finally, Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, ACM Research currently has a consensus rating of “Buy” and a consensus price target of $40.00.

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.