ACM Research (NASDAQ:ACMR) Shares Down 6.8% – Time to Sell?

Shares of ACM Research, Inc. (NASDAQ:ACMR) traded down 6.8% on Wednesday . The company traded as low as $16.82 and last traded at $17.08. 1,056,770 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 1,442,243 shares. The stock had previously closed at $18.33.

Analyst Ratings Changes

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

ACM Research Price Performance

The stock has a market cap of $1.12 billion, a PE ratio of 14.57 and a beta of 1.65. The stock’s fifty day moving average is $24.62 and its 200-day moving average is $20.23. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

Insider Activity

In other news, Director Haiping Dun sold 9,518 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $29.00, for a total value of $276,022.00. Following the transaction, the director now owns 755,090 shares of the company’s stock, valued at $21,897,610. This represents a 1.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the transaction, the insider now owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock valued at $8,213,329 in the last 90 days. Company insiders own 31.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ACMR. Tower Research Capital LLC TRC raised its stake in shares of 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 period. Mirae Asset Global Investments Co. Ltd. acquired a new position in ACM Research during the fourth quarter worth $33,000. Picton Mahoney Asset Management lifted its stake in ACM Research by 66.2% during the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 1,236 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of ACM Research by 42.0% during the fourth quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer’s stock worth $125,000 after buying an additional 2,447 shares during the period. Finally, Ieq Capital LLC acquired a new stake in shares of ACM Research in the fourth quarter valued at $162,000. 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.