ACM Research (NASDAQ:ACMR) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of ACM Research (NASDAQ:ACMR) in a report released on Thursday morning,Benzinga reports.

Separately, Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, ACM Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

ACM Research Price Performance

Shares of ACM Research stock opened at $26.10 on Thursday. ACM Research has a twelve month low of $13.87 and a twelve month high of $34.40. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $19.16 and a two-hundred day simple moving average of $18.59. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 19.77 and a beta of 1.58.

Insider Activity

In other news, insider Sotheara Cheav sold 22,598 shares of the business’s 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 transaction, the insider now directly owns 100,002 shares in the company, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 31.24% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Hedge funds and other institutional investors have recently made changes to their positions in the company. Erste Asset Management GmbH acquired a new position in shares of ACM Research in the 3rd quarter valued at approximately $37,000. Tower Research Capital LLC TRC increased its position 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 purchasing an additional 1,685 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in ACM Research during the 4th quarter worth approximately $33,000. Picton Mahoney Asset Management increased its position in 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 purchasing an additional 1,236 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in ACM Research during the 3rd quarter worth approximately $72,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.