ACM Research, Inc. (NASDAQ:ACMR) Insider Lisa Feng Sells 15,000 Shares

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) insider Lisa Feng sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $26.00, for a total transaction of $390,000.00. Following the completion of the transaction, the insider now owns 50,001 shares in the company, valued at approximately $1,300,026. This trade represents a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ACM Research Trading Up 1.8%

Shares of NASDAQ:ACMR traded up $0.46 during trading on Thursday, reaching $26.51. 512,631 shares of the company traded hands, compared to its average volume of 1,453,102. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.99 and a beta of 1.48. The business's fifty day moving average is $22.74 and its 200-day moving average is $21.55.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in shares of ACM Research during the first quarter worth about $29,000. Tower Research Capital LLC TRC lifted 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 worth $30,000 after buying an additional 1,685 shares during the period. Picton Mahoney Asset Management grew its position in shares of ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock worth $47,000 after buying an additional 1,236 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of ACM Research by 871.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after buying an additional 4,192 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of ACM Research during the first quarter valued at approximately $114,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ACMR. Needham & Company LLC restated a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. began coverage on shares of ACM Research in a research report on Friday, February 28th. They set an "overweight" rating and a $36.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, ACM Research has an average rating of "Moderate Buy" and a consensus price target of $29.40.

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.

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