Tracy Liu Sells 45,000 Shares of ACM Research (NASDAQ:ACMR) Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Tracy Liu sold 45,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total value of $2,132,100.00. Following the completion of the transaction, the director owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. This represents a 28.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

ACM Research Price Performance

ACM Research stock opened at $46.38 on Friday. The firm has a market capitalization of $2.82 billion, a PE ratio of 33.85 and a beta of 1.49. ACM Research, Inc. has a 52 week low of $16.82 and a 52 week high of $71.65. The firm’s 50-day simple moving average is $55.72 and its 200 day simple moving average is $42.77. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. Maryland State Retirement & Pension System boosted 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 purchasing an additional 168 shares during the last quarter. MML Investors Services LLC raised its position in shares of ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock valued at $901,000 after buying an additional 217 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 299 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in ACM Research by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock worth $700,000 after acquiring an additional 343 shares during the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ACMR shares. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 6th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Wall Street Zen lowered ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, ACM Research currently has a consensus rating of “Buy” and a consensus price target of $40.00.

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.