ACM Research (NASDAQ:ACMR) Hits New 1-Year High – What’s Next?

ACM Research, Inc. (NASDAQ:ACMR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.10 and last traded at $66.7240, with a volume of 582118 shares changing hands. The stock had previously closed at $62.92.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and set a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings lowered shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

ACM Research Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48. The company has a market cap of $4.18 billion, a PE ratio of 40.48 and a beta of 1.49. The company’s 50 day moving average price is $46.97 and its 200-day moving average price is $38.06.

Insider Transactions at ACM Research

In related news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $2,314,200.00. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $26,537,526.48. This trade represents a 8.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Fuping Chen sold 100,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $33.20, for a total transaction of $3,320,000.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 265,000 shares of company stock worth $8,849,150. 25.00% of the stock is owned by company insiders.

Institutional Trading of ACM Research

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in ACM Research by 90.1% in the 4th 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 in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares during the period. Leonteq Securities AG purchased a new position in shares of ACM Research in the fourth quarter valued at $28,000. Jones Financial Companies Lllp raised its stake in shares of ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 515 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares in the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

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.