ACM Research (NASDAQ:ACMR) Upgraded at Seaport Research Partners

Key Points

• Seaport Research Partners upgraded ACM Research (NASDAQ:ACMR) to a strong-buy, but analyst coverage is mixed—MarketBeat shows an average rating of Hold and an average target price of $40.00.
• Shares opened at $52.80 (up ~3.1%), with a market cap of $3.23 billion, a P/E of 38.54, and a 52-week range of $19.10 to $71.65.
• Insiders sold 65,000 shares (~$3.11M) in the past 90 days, lowering some director stakes; insiders still own about 25% of the stock while institutional investors hold roughly 66.75%.

ACM Research (NASDAQ:ACMR - Get Free Report) was upgraded by Seaport Research Partners to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded ACM Research from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Weiss Ratings upgraded ACM Research from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, April 24th. Finally, Wall Street Zen cut shares of ACM Research from a "hold" rating to a "sell" rating in a report on Sunday, March 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $40.00.

ACM Research Stock Up 3.1%

ACM Research stock opened at $52.80 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.27 and a quick ratio of 2.33. The company's 50-day moving average is $48.89 and its 200-day moving average is $45.94. The firm has a market capitalization of $3.23 billion, a PE ratio of 38.54 and a beta of 1.82. ACM Research has a fifty-two week low of $19.10 and a fifty-two week high of $71.65.

Insider Activity

In other ACM Research news, Director Charles C. Pappis sold 5,000 shares of the business's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the director owned 5,000 shares of the company's stock, valued at approximately $260,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tracy Liu sold 45,000 shares of the company's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total value of $2,132,100.00. Following the completion of the transaction, the director owned 110,772 shares of the company's stock, valued at $5,248,377.36. This trade represents a 28.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 65,000 shares of company stock worth $3,110,750. 25.00% of the stock is owned by insiders.

Hedge Funds Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently made changes to their positions in ACMR. Farther Finance Advisors LLC grew its holdings in ACM Research by 90.1% during the fourth 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 period. 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 valued at $26,000 after buying an additional 480 shares during the last quarter. Leonteq Securities AG bought a new position in shares of ACM Research during the 4th quarter worth $28,000. Jones Financial Companies Lllp increased its holdings in ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 367 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

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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