ACM Research (NASDAQ:ACMR) Shares Gap Up – Should You Buy?

ACM Research, Inc. (NASDAQ:ACMR) shares gapped up before the market opened on Wednesday . The stock had previously closed at $41.91, but opened at $47.09. ACM Research shares last traded at $46.5050, with a volume of 299,589 shares changing hands.

Analyst Ratings Changes

ACMR has been the subject of a number of research analyst reports. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 9th. Wall Street Zen downgraded ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. Finally, Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, ACM Research currently has an average rating of “Buy” and an average price target of $40.00.

ACM Research Trading Up 9.5%

The stock has a market cap of $2.79 billion, a P/E ratio of 33.51 and a beta of 1.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. The stock has a 50-day moving average price of $52.98 and a 200-day moving average price of $44.55.

Insider Buying and Selling at ACM Research

In related news, Director Tracy Liu sold 45,000 shares of the firm’s 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 transaction, the director directly owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. This trade represents a 28.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of ACM Research by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after buying an additional 125,690 shares in the last quarter. LSV Asset Management raised its holdings in shares of ACM Research by 462.9% during the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after buying an additional 2,059,405 shares in the last quarter. Triata Capital Ltd raised its holdings in shares of ACM Research by 26.0% during the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after buying an additional 413,000 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of ACM Research by 32.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock valued at $36,822,000 after buying an additional 348,936 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of ACM Research by 58.8% during the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after buying an additional 515,340 shares in the last quarter. 66.75% of the stock is 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.