ACM Research (NASDAQ:ACMR) Upgraded by Craig Hallum to Buy Rating

Craig Hallum upgraded shares of ACM Research (NASDAQ:ACMR) from a hold rating to a buy rating in a research report sent to investors on Wednesday, Marketbeat.com reports.

Separately, Needham & Company LLC cut ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, ACM Research has an average rating of “Moderate Buy” and an average target price of $30.00.

ACM Research Stock Up 20.7 %

ACMR stock opened at $27.69 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The company’s 50 day simple moving average is $18.91 and its 200-day simple moving average is $18.53. ACM Research has a 12 month low of $13.87 and a 12 month high of $34.40. The firm has a market capitalization of $1.60 billion, a PE ratio of 20.98 and a beta of 1.58.

Insider Activity

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the sale, the insider now directly owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 31.24% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in ACM Research by 506.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 1,685 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ACM Research in the 4th quarter valued at about $33,000. Erste Asset Management GmbH acquired a new position in shares of ACM Research during the 3rd quarter valued at about $37,000. Picton Mahoney Asset Management lifted its holdings in shares of ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 1,236 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of ACM Research in the third quarter worth approximately $72,000. Hedge funds and other 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.