ACM Research, Inc. (NASDAQ:ACMR) Receives Average Rating of “Moderate Buy” from Brokerages

ACM Research, Inc. (NASDAQ:ACMRGet Free Report) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.75.

A number of equities research analysts have recently weighed in on ACMR shares. Benchmark reiterated a “buy” rating and issued a $32.00 price target on shares of ACM Research in a research report on Wednesday, November 8th. The Goldman Sachs Group lifted their price target on shares of ACM Research from $19.50 to $22.10 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Needham & Company LLC lifted their price objective on shares of ACM Research from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Roth Mkm lifted their price objective on shares of ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th.

Get Our Latest Stock Analysis on ACM Research

ACM Research Stock Up 8.0 %

NASDAQ ACMR opened at $18.33 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. ACM Research has a 1-year low of $8.75 and a 1-year high of $22.47. The company has a 50 day moving average of $18.48 and a 200-day moving average of $17.10. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 16.82 and a beta of 1.26.

Insider Activity at ACM Research

In other ACM Research news, Director Haiping Dun sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $17.66, for a total transaction of $264,900.00. Following the sale, the director now owns 874,074 shares of the company’s stock, valued at $15,436,146.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other ACM Research news, insider Mark Mckechnie sold 10,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $22.00, for a total transaction of $220,000.00. Following the sale, the insider now owns 900 shares of the company’s stock, valued at $19,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Haiping Dun sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $17.66, for a total transaction of $264,900.00. Following the sale, the director now directly owns 874,074 shares in the company, valued at approximately $15,436,146.84. The disclosure for this sale can be found here. Insiders have sold 132,500 shares of company stock valued at $2,426,100 over the last three months. 33.63% of the stock is owned by insiders.

Institutional Trading of ACM Research

Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC grew its stake in shares of ACM Research by 28.1% during the second quarter. Los Angeles Capital Management LLC now owns 158,056 shares of the specialty retailer’s stock worth $2,067,000 after buying an additional 34,670 shares during the last quarter. Panview Asian Equity Master Fund acquired a new position in shares of ACM Research during the third quarter worth $5,250,000. Jackson Creek Investment Advisors LLC acquired a new position in shares of ACM Research during the third quarter worth $1,332,000. Versor Investments LP acquired a new position in shares of ACM Research during the third quarter worth $182,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of ACM Research by 1,088.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 24,189 shares of the specialty retailer’s stock worth $316,000 after purchasing an additional 22,153 shares during the period. Institutional investors own 59.31% of the company’s stock.

ACM Research Company Profile

(Get Free Report

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.

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Analyst Recommendations for ACM Research (NASDAQ:ACMR)

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