ACM Research (NASDAQ:ACMR) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.13 and traded as high as $23.94. ACM Research shares last traded at $23.78, with a volume of 1,058,710 shares traded.

Wall Street Analyst Weigh In

Several research firms have commented on ACMR. Craig Hallum downgraded shares of ACM Research from a “buy” rating to a “hold” rating and lowered their target price for the stock from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC downgraded shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

ACM Research Trading Up 2.5 %

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 18.02 and a beta of 1.58. The company has a 50-day moving average price of $17.61 and a 200-day moving average price of $18.14. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

Insider Activity

In related news, Director Haiping Dun sold 15,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.12, for a total value of $286,800.00. Following the completion of the sale, the director now owns 774,148 shares in the company, valued at approximately $14,801,709.76. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David H. Wang sold 56,250 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.08, for a total transaction of $1,073,250.00. Following the completion of the sale, the insider now owns 710,506 shares of the company’s stock, valued at approximately $13,556,454.48. The trade was a 7.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,098 shares of company stock valued at $2,886,117. 31.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACMR. Vanguard Group Inc. raised its stake in shares of ACM Research by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer’s stock valued at $63,441,000 after acquiring an additional 67,255 shares during the last quarter. Kerrisdale Advisers LLC raised its stake in shares of ACM Research by 550.8% in the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock valued at $29,415,000 after acquiring an additional 1,648,685 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of ACM Research by 2,258.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock valued at $22,171,000 after acquiring an additional 1,406,968 shares during the last quarter. Panview Capital Ltd bought a new position in shares of ACM Research in the fourth quarter valued at approximately $20,758,000. Finally, Pertento Partners LLP raised its stake in shares of ACM Research by 22.3% in the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer’s stock valued at $17,894,000 after acquiring an additional 215,744 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

ACM Research Company Profile

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.