ACM Research (NASDAQ:ACMR) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded ACM Research (NASDAQ:ACMR) from a "hold" to a "sell" note on Sunday, though other firms have mixed views—Zacks moved to "hold" and Weiss Ratings to "buy"—leaving MarketBeat's average rating at "Moderate Buy" with a $40 average price target.
• Shares fell about 7% and opened at $44.92; ACMR has a market cap of $2.73 billion, a P/E of 32.79, a 52-week range of $16.82–$71.65, and roughly 66.8% institutional ownership.

ACM Research (NASDAQ:ACMR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Several other equities analysts have also commented on ACMR. Zacks Research upgraded ACM Research from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Weiss Ratings raised ACM Research from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.00.

ACM Research Stock Down 7.0%

Shares of NASDAQ:ACMR opened at $44.92 on Friday. ACM Research has a 52-week low of $16.82 and a 52-week high of $71.65. The firm has a fifty day moving average of $55.11 and a 200 day moving average of $42.20. The firm has a market capitalization of $2.73 billion, a PE ratio of 32.79 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.

Institutional Inflows and Outflows

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

About ACM Research

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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