ACM Research (NASDAQ:ACMR) Shares Down 9.6% - Should You Sell?

Key Points

• ACM Research shares fell 9.6% on Thursday to about $46.82, with mid-day trading of ~669,758 shares — roughly 59% below the stock's average daily volume.
• Analyst coverage is mixed but tilted positive: the consensus is a Moderate Buy (two Buys, one Hold), yet the average price target of $40 is below the current share price.
• The company has a $2.93 billion market cap, strong liquidity (current ratio 3.27, quick ratio 2.33), low leverage (debt/equity 0.09), and roughly 66.8% institutional ownership.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report)'s stock price dropped 9.6% on Thursday . The company traded as low as $46.76 and last traded at $46.82. Approximately 669,758 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 1,616,372 shares. The stock had previously closed at $51.82.

Wall Street Analysts Forecast Growth

ACMR has been the topic of a number of research analyst reports. Zacks Research upgraded ACM Research from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Roth Mkm reissued a "buy" rating and set a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Weiss Ratings raised ACM Research from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Finally, Wall Street Zen raised shares of ACM Research from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.00.

ACM Research Price Performance

The company has a market cap of $2.93 billion, a P/E ratio of 35.28 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. The stock has a 50-day simple moving average of $54.86 and a 200 day simple moving average of $41.90.

Institutional Trading of ACM Research

Several institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 308 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer's stock worth $26,000 after buying an additional 480 shares during the period. Leonteq Securities AG acquired a new stake in ACM Research in the 4th quarter valued at $28,000. Jones Financial Companies Lllp grew its position in ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 515 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 367 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Company Profile

ACM Research, Inc NASDAQ: ACMR designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.

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