ACM Research (NASDAQ:ACMR) Shares Down 7.5% – Should You Sell?

ACM Research, Inc. (NASDAQ:ACMR) was down 7.5% during mid-day trading on Friday . The company traded as low as $24.80 and last traded at $24.91. Approximately 374,601 shares changed hands during trading, a decline of 73% from the average daily volume of 1,379,059 shares. The stock had previously closed at $26.92.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ACMR. Needham & Company LLC reiterated a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. began coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.40.

ACM Research Stock Performance

The business’s fifty day moving average price is $24.01 and its 200-day moving average price is $19.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The stock has a market capitalization of $1.44 billion, a PE ratio of 18.69 and a beta of 1.61.

Insider Transactions at ACM Research

In related news, Director Haiping Dun sold 9,518 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the completion of the transaction, the director now directly owns 755,090 shares in the company, valued at approximately $21,897,610. The trade was a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chenming Hu sold 163,308 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $30.00, for a total value of $4,899,240.00. Following the sale, the director now owns 100,002 shares in the company, valued at $3,000,060. The trade was a 62.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 289,174 shares of company stock valued at $8,213,329. 31.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ACM Research

Hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its stake in ACM Research by 5.1% in the fourth quarter. California State Teachers Retirement System now owns 48,316 shares of the specialty retailer’s stock worth $730,000 after buying an additional 2,336 shares in the last quarter. Cim LLC lifted its holdings in shares of ACM Research by 2.8% in the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer’s stock worth $259,000 after acquiring an additional 475 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ACM Research by 1,418.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer’s stock valued at $17,738,000 after purchasing an additional 1,097,358 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of ACM Research by 33.7% in the 4th quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer’s stock valued at $1,888,000 after purchasing an additional 31,511 shares in the last quarter. Finally, Triata Capital Ltd bought a new position in shares of ACM Research during the 4th quarter valued at $15,507,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

About ACM Research

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.