Tracy Liu Sells 15,000 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Tracy Liu sold 15,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00. Following the completion of the sale, the director directly owned 110,772 shares in the company, valued at $5,307,086.52. This trade represents a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, March 10th, Tracy Liu sold 45,000 shares of ACM Research stock. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00.

ACM Research Trading Down 5.5%

Shares of NASDAQ:ACMR traded down $2.61 during trading hours on Thursday, hitting $45.27. 1,178,039 shares of the company’s stock traded hands, compared to its average volume of 1,598,481. The firm has a market capitalization of $2.75 billion, a P/E ratio of 33.04 and a beta of 1.49. The business has a fifty day moving average price of $55.57 and a 200-day moving average price of $42.62. ACM Research, Inc. has a 1 year low of $16.82 and a 1 year high of $71.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.27 and a quick ratio of 2.33.

Hedge Funds Weigh In On ACM Research

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

Analysts Set New Price Targets

A number of analysts have weighed in on ACMR shares. Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. Wall Street Zen downgraded shares of ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Weiss Ratings lowered shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.