ACM Research (NASDAQ:ACMR) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• ACM Research (NASDAQ:ACMR) recently crossed above its 200-day moving average of $26.91, with shares trading as high as $39.53 before settling at $38.63.
• Analysts currently have a consensus rating of "Moderate Buy" with a target price of $32.25, with Roth Capital increasing its target price to $50.00.
• Insider trading has been active, with significant share sales by executives including Jian Wang and Tracy Liu, reducing their ownership stakes by over 10% each.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.91 and traded as high as $39.53. ACM Research shares last traded at $38.63, with a volume of 969,300 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of ACM Research in a research report on Wednesday, October 8th. Roth Capital reiterated a "buy" rating and set a $50.00 target price (up from $40.00) on shares of ACM Research in a report on Monday, September 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, ACM Research currently has an average rating of "Moderate Buy" and a consensus price target of $32.25.

ACM Research Stock Performance

The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $31.75 and its two-hundred day moving average is $26.91. The company has a market cap of $2.29 billion, a PE ratio of 23.41 and a beta of 1.42.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The firm had revenue of $215.37 million during the quarter, compared to the consensus estimate of $223.42 million. During the same period in the prior year, the company earned $0.55 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Transactions at ACM Research

In related news, insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $35.00, for a total value of $1,050,000.00. Following the completion of the sale, the insider directly owned 253,158 shares in the company, valued at $8,860,530. The trade was a 10.59% 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. Also, Director Tracy Liu sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $33.00, for a total transaction of $495,000.00. Following the sale, the director directly owned 110,772 shares of the company's stock, valued at $3,655,476. The trade was a 11.93% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 256,152 shares of company stock valued at $7,549,160. Insiders own 25.00% of the company's stock.

Hedge Funds Weigh In On ACM Research

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new position in ACM Research in the 1st quarter valued at $29,000. EverSource Wealth Advisors LLC increased its position in shares of ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 1,122 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in ACM Research by 871.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after acquiring an additional 4,192 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of ACM Research in the first quarter valued at approximately $114,000. Finally, Headlands Technologies LLC acquired a new position in shares of ACM Research in the second quarter valued at approximately $114,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

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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