ACM Research, Inc. (NASDAQ:ACMR) Director Chenming Hu Sells 163,308 Shares

ACM Research, Inc. (NASDAQ:ACMR) Director Chenming Hu sold 163,308 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the sale, the director now directly owns 100,002 shares in the company, valued at approximately $3,000,060. The trade was a 62.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

ACM Research Stock Down 2.3 %

ACMR stock opened at $26.87 on Friday. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 20.36 and a beta of 1.61. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $33.40. The firm has a 50-day moving average of $23.17 and a two-hundred day moving average of $19.55.

Wall Street Analyst Weigh In

ACMR has been the topic of a number of research reports. Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.40.

Institutional Trading of ACM Research

A number of hedge funds have recently bought and sold shares of ACMR. Tower Research Capital LLC TRC raised its holdings in ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 1,685 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ACM Research in the 4th quarter valued at about $33,000. Erste Asset Management GmbH acquired a new stake in ACM Research in the 3rd quarter valued at about $37,000. Picton Mahoney Asset Management raised its holdings in ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 1,236 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in ACM Research in the 3rd quarter valued at about $72,000. Institutional investors and hedge funds 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.