ACM Research (NASDAQ:ACMR) Director Tracy Liu Sells 45,000 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) 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 completion of the sale, the director owned 110,772 shares of the company’s stock, valued at $5,248,377.36. This trade represents a 28.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tracy Liu also recently made the following trade(s):

• On Wednesday, March 11th, Tracy Liu sold 15,000 shares of ACM Research stock. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00.

ACM Research Stock Performance

Shares of ACMR traded up $1.30 during mid-day trading on Friday, hitting $46.57. 255,298 shares of the company’s stock were exchanged, compared to its average volume of 1,570,101. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 33.83 and a beta of 1.49. The stock’s 50-day simple moving average is $55.69 and its 200-day simple moving average is $42.64. ACM Research, Inc. has a 52 week low of $16.82 and a 52 week high of $71.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in ACM Research by 396.3% in the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after purchasing an additional 269,094 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of ACM Research during the third quarter worth $886,000. Hussman Strategic Advisors Inc. bought a new stake in shares of ACM Research during the third quarter worth $2,054,000. State of Alaska Department of Revenue acquired a new position in shares of ACM Research during the third quarter worth $1,011,000. Finally, Congress Asset Management Co. lifted its stake in shares of ACM Research by 43.0% in the 3rd quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer’s stock valued at $11,032,000 after acquiring an additional 84,747 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen cut shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. Finally, Zacks Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $40.00.

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.