ACM Research (NASDAQ:ACMR) Trading Down 8.7% – Here’s Why

ACM Research, Inc. (NASDAQ:ACMR) shares were down 8.7% during trading on Monday . The company traded as low as $23.77 and last traded at $23.79. Approximately 1,575,721 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 1,468,525 shares. The stock had previously closed at $26.04.

Wall Street Analysts Forecast Growth

ACMR has been the topic of a number of research analyst reports. Needham & Company LLC cut shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Wednesday, December 4th. Craig Hallum cut shares of ACM Research from a “buy” rating to a “hold” rating and lowered their target price for the stock from $30.00 to $18.00 in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.00.

ACM Research Price Performance

The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 17.80 and a beta of 1.58. The business’s 50 day simple moving average is $18.59 and its 200-day simple moving average is $18.47.

Insider Transactions at ACM Research

In related news, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the sale, the insider now directly owns 100,002 shares of the company’s stock, valued at $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David H. Wang sold 56,250 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total value of $1,006,312.50. Following the transaction, the insider now directly owns 654,256 shares of the company’s stock, valued at approximately $11,704,639.84. The trade was a 7.92 % decrease in their position. The disclosure for this sale can be found here. 31.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ACM Research

Hedge funds have recently made changes to their positions in the stock. 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 purchasing an additional 1,648,685 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of ACM Research by 2,258.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock valued at $22,171,000 after acquiring an additional 1,406,968 shares in the last quarter. Panview Capital Ltd bought a new stake in ACM Research during the 4th quarter worth $20,758,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in ACM Research by 1,418.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer’s stock worth $17,738,000 after purchasing an additional 1,097,358 shares in the last quarter. Finally, Triata Capital Ltd acquired a new position in ACM Research in the 4th quarter worth about $15,507,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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.