ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun Sells 9,518 Shares

ACM Research, Inc. (NASDAQ:ACMR) Director Haiping Dun sold 9,518 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $29.00, for a total value of $276,022.00. Following the sale, the director now directly owns 755,090 shares of the company’s stock, valued at $21,897,610. This represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

ACM Research Price Performance

ACMR opened at $29.22 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $22.71 and its 200-day simple moving average is $19.43. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 22.14 and a beta of 1.61. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $33.40.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACMR. JPMorgan Chase & Co. assumed coverage on ACM Research in a research report on Friday, February 28th. They set an “overweight” rating and a $36.00 target price for the company. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of ACM Research in the 3rd quarter worth approximately $482,000. Quest Partners LLC lifted its holdings in ACM Research by 156.4% during the third quarter. Quest Partners LLC now owns 19,481 shares of the specialty retailer’s stock worth $395,000 after buying an additional 11,883 shares during the period. Intech Investment Management LLC bought a new stake in ACM Research during the 3rd quarter valued at $254,000. Charles Schwab Investment Management Inc. increased its holdings in shares of ACM Research by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock valued at $8,239,000 after acquiring an additional 13,879 shares during the period. Finally, Citigroup Inc. raised its position in shares of ACM Research by 8.7% in the 3rd quarter. Citigroup Inc. now owns 340,207 shares of the specialty retailer’s stock worth $6,906,000 after acquiring an additional 27,178 shares in the last quarter. 66.75% of the stock is currently owned by 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.