Analysts Set ACM Research, Inc. (NASDAQ:ACMR) Target Price at $38.00

Shares of ACM Research, Inc. (NASDAQ:ACMR) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $38.00.

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $40.00 target price on shares of ACM Research in a report on Wednesday, November 5th.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $67.76 on Friday. The business has a 50 day moving average price of $52.74 and a two-hundred day moving average price of $40.66. ACM Research has a fifty-two week low of $16.82 and a fifty-two week high of $71.65. The firm has a market cap of $4.06 billion, a PE ratio of 39.40 and a beta of 1.49. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 60,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $34.12, for a total value of $2,047,200.00. Following the sale, the insider directly owned 802,708 shares in the company, valued at approximately $27,388,396.96. This trade represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Fuping Chen sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total transaction of $661,200.00. The SEC filing for this sale provides additional information. Insiders sold 250,000 shares of company stock worth $8,342,600 over the last ninety days. 25.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ACM Research

Several large investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in shares of ACM Research by 444.5% in the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after acquiring an additional 1,095,634 shares in the last quarter. Cederberg Capital Ltd lifted its position in ACM Research by 39.8% in the fourth quarter. Cederberg Capital Ltd now owns 693,900 shares of the specialty retailer’s stock worth $27,374,000 after purchasing an additional 197,400 shares during the period. Vident Advisory LLC bought a new position in ACM Research during the 4th quarter valued at $383,000. State of Tennessee Department of Treasury acquired a new position in shares of ACM Research during the 4th quarter valued at $622,000. Finally, Mackenzie Financial Corp increased its position in shares of ACM Research by 4.3% during the 4th quarter. Mackenzie Financial Corp now owns 56,681 shares of the specialty retailer’s stock valued at $2,274,000 after purchasing an additional 2,344 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.