ACM Research (NASDAQ:ACMR) Shares Gap Down - Here's What Happened

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $20.80, but opened at $19.44. ACM Research shares last traded at $18.43, with a volume of 298,578 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. began coverage on ACM Research in a research report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.40.

ACM Research Price Performance

The firm has a market capitalization of $1.05 billion, a P/E ratio of 13.75 and a beta of 1.65. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $23.82 and a 200-day moving average price of $20.18.

Insider Activity at ACM Research

In other news, Director Haiping Dun sold 9,518 shares of ACM Research stock in a transaction on Friday, March 14th. The stock was sold at an average price of $29.00, for a total value of $276,022.00. Following the transaction, the director now directly owns 755,090 shares in the company, valued at approximately $21,897,610. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David H. Wang sold 56,250 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the sale, the insider now directly owns 747,708 shares of the company's stock, valued at approximately $19,866,601.56. The trade was a 7.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 289,174 shares of company stock worth $8,213,329 in the last 90 days. 31.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in ACM Research by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer's stock worth $63,441,000 after buying an additional 67,255 shares during the last quarter. Kerrisdale Advisers LLC lifted its stake in ACM Research by 550.8% in the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock valued at $29,415,000 after buying an additional 1,648,685 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of ACM Research by 2,258.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock worth $22,171,000 after acquiring an additional 1,406,968 shares during the last quarter. Panview Capital Ltd purchased a new stake in shares of ACM Research during the fourth quarter worth $20,758,000. Finally, Pertento Partners LLP raised its holdings in ACM Research by 22.3% in the 4th quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer's stock valued at $17,894,000 after acquiring an additional 215,744 shares during the last quarter. Hedge funds and other 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.

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