ACM Research Inc (NASDAQ:ACMR) rose 9.1% during trading on Thursday . The company traded as high as $76.69 and last traded at $75.38. Approximately 372,628 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 571,914 shares. The stock had previously closed at $69.10.
ACMR has been the topic of a number of analyst reports. BidaskClub lowered ACM Research from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Goldman Sachs Group restated a “buy” rating and set a $150.00 target price on shares of ACM Research in a research report on Sunday, July 19th. Zacks Investment Research lowered ACM Research from a “hold” rating to a “sell” rating in a research report on Monday, August 10th. Stifel Nicolaus upgraded ACM Research from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Friday, September 11th. Finally, Benchmark restated a “hold” rating on shares of ACM Research in a research report on Friday, August 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $92.33.
The stock’s fifty day moving average price is $84.05 and its 200-day moving average price is $62.77. The firm has a market cap of $1.23 billion, a PE ratio of 102.14 and a beta of 0.78.
In other ACM Research news, insider Sotheara Cheav sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $60.75, for a total transaction of $303,750.00. Following the completion of the transaction, the insider now directly owns 48,334 shares in the company, valued at approximately $2,936,290.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chenming Hu sold 14,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $84.15, for a total transaction of $1,178,100.00. Following the transaction, the director now owns 7,806 shares of the company’s stock, valued at $656,874.90. The disclosure for this sale can be found here. Insiders sold a total of 120,785 shares of company stock valued at $9,754,441 in the last quarter. Insiders own 46.02% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in ACM Research by 10.9% during the 2nd quarter. Vanguard Group Inc. now owns 510,849 shares of the specialty retailer’s stock valued at $31,857,000 after acquiring an additional 50,346 shares in the last quarter. Invesco Ltd. purchased a new position in ACM Research during the 1st quarter valued at about $7,130,000. BlackRock Inc. increased its holdings in ACM Research by 8.9% during the 1st quarter. BlackRock Inc. now owns 216,607 shares of the specialty retailer’s stock valued at $6,414,000 after acquiring an additional 17,682 shares in the last quarter. EAM Investors LLC increased its holdings in ACM Research by 67.1% during the 1st quarter. EAM Investors LLC now owns 91,316 shares of the specialty retailer’s stock valued at $2,704,000 after acquiring an additional 36,672 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in ACM Research by 24.6% during the 1st quarter. Geode Capital Management LLC now owns 85,060 shares of the specialty retailer’s stock valued at $2,518,000 after acquiring an additional 16,776 shares in the last quarter. Hedge funds and other institutional investors own 30.29% of the company’s stock.
ACM Research Company Profile (NASDAQ:ACMR)
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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.
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