ACM Research (NASDAQ:ACMR) Stock Price Down 6.5% – Here’s What Happened

ACM Research, Inc. (NASDAQ:ACMR)’s share price dropped 6.5% on Monday . The company traded as low as $52.38 and last traded at $52.4430. Approximately 391,866 shares changed hands during trading, a decline of 71% from the average daily volume of 1,363,046 shares. The stock had previously closed at $56.10.

Wall Street Analyst Weigh In

ACMR has been the topic of a number of recent research reports. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research raised ACM Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 6th. Finally, Wall Street Zen lowered ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $40.00.

ACM Research Trading Down 5.7%

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 business’s 50 day moving average is $50.30 and its 200 day moving average is $45.50. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 38.59 and a beta of 1.69.

Insiders Place Their Bets

In related news, Director Charles C. Pappis sold 5,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $260,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tracy Liu sold 45,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the transaction, the director owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. The trade was a 28.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 65,000 shares of company stock valued at $3,110,750. Insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Several large investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new position in ACM Research in the first quarter valued at $2,999,000. Strs Ohio raised its holdings in shares of ACM Research by 131.3% in the first quarter. Strs Ohio now owns 15,500 shares of the specialty retailer’s stock valued at $610,000 after buying an additional 8,800 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of ACM Research by 16.3% in the first quarter. Inspire Investing LLC now owns 62,712 shares of the specialty retailer’s stock valued at $2,468,000 after buying an additional 8,780 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of ACM Research in the first quarter valued at about $929,000. Finally, Fund Advisors of America Inc FL purchased a new stake in shares of ACM Research in the fourth quarter valued at about $339,000. Institutional investors and hedge funds 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.