ACM Research (NASDAQ:ACMR) Upgraded to Strong-Buy at Seaport Research Partners

Seaport Research Partners upgraded shares of ACM Research (NASDAQ:ACMR) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on ACMR. Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday, March 8th. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.00.

ACM Research Trading Up 3.1%

NASDAQ:ACMR opened at $52.80 on Monday. ACM Research has a 1 year low of $19.10 and a 1 year high of $71.65. The stock has a market cap of $3.23 billion, a P/E ratio of 38.54 and a beta of 1.82. 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 has a 50-day simple moving average of $48.89 and a 200-day simple moving average of $45.94.

Insider Activity

In other news, Director Tracy Liu sold 45,000 shares of ACM Research 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 sale, the director owned 110,772 shares in the company, valued at approximately $5,248,377.36. The trade was a 28.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles C. Pappis sold 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at $260,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 65,000 shares of company stock worth $3,110,750. Corporate insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Several large investors have recently modified their holdings of ACMR. Principal Financial Group Inc. boosted its stake in ACM Research by 396.3% during the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock worth $13,187,000 after purchasing an additional 269,094 shares during the period. SG Americas Securities LLC purchased a new position in ACM Research during the 3rd quarter worth $886,000. Hussman Strategic Advisors Inc. acquired a new position in ACM Research in the third quarter valued at $2,054,000. State of Alaska Department of Revenue purchased a new stake in shares of ACM Research in the third quarter valued at about $1,011,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of ACM Research in the third quarter valued at about $2,028,000. 66.75% of the stock is owned by institutional investors and hedge funds.

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.