ACM Research (NASDAQ:ACMR) Shares Down 8.7% – What’s Next?

Shares of ACM Research, Inc. (NASDAQ:ACMR) dropped 8.7% on Monday . The company traded as low as $23.77 and last traded at $23.79. Approximately 1,575,721 shares traded hands during trading, an increase of 7% from the average daily volume of 1,468,525 shares. The stock had previously closed at $26.04.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ACMR. Needham & Company LLC lowered ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Wednesday, December 4th. Craig Hallum downgraded shares of ACM Research from a “buy” rating to a “hold” rating and cut their target price for the company from $30.00 to $18.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

ACM Research Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 17.80 and a beta of 1.58. The company has a 50-day moving average price of $18.59 and a 200-day moving average price of $18.47.

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the transaction, the insider now directly owns 654,256 shares in the company, valued at approximately $11,704,639.84. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 31.24% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in ACM Research by 506.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock worth $30,000 after buying an additional 1,685 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ACM Research during the fourth quarter worth $33,000. Erste Asset Management GmbH acquired a new stake in shares of ACM Research during the third quarter worth $37,000. Picton Mahoney Asset Management lifted its position 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 in the last quarter. Finally, Truvestments Capital LLC acquired a new position in ACM Research in the 3rd quarter worth $72,000. Institutional investors own 66.75% of the company’s stock.

About ACM Research

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.