ACM Research (NASDAQ:ACMR) Hits New 12-Month High – What’s Next?

Shares of ACM Research, Inc. (NASDAQ:ACMR) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.10 and last traded at $66.7240, with a volume of 582118 shares changing hands. The stock had previously closed at $62.92.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ACMR shares. Zacks Research upgraded ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings cut shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Roth Mkm reissued a “buy” rating and set a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, ACM Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

ACM Research Trading Up 0.3%

The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 37.26 and a beta of 1.49. The business has a 50-day moving average of $48.29 and a two-hundred day moving average of $38.47.

Insider Activity

In other ACM Research news, insider Fuping Chen sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $33.20, for a total transaction of $3,320,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $2,314,200.00. Following the completion of the sale, the insider owned 802,708 shares in the company, valued at approximately $26,537,526.48. This represents a 8.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 250,000 shares of company stock valued at $8,342,600 in the last three months. Company insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Leonteq Securities AG bought a new stake in ACM Research during the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp increased its holdings in ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 515 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 367 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

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.