ACM Research (NASDAQ:ACMR) Director Charles Pappis Sells 5,000 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR) Director Charles Pappis sold 5,000 shares of ACM Research stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $260,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

ACM Research Stock Up 3.1%

ACMR stock opened at $51.21 on Wednesday. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.11 billion, a PE ratio of 37.38 and a beta of 1.69. ACM Research, Inc. has a twelve month low of $17.32 and a twelve month high of $71.65. The stock has a 50-day simple moving average of $51.00 and a two-hundred day simple moving average of $45.22.

Analyst Ratings Changes

Several research firms have weighed in on ACMR. Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 9th. Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a report on Sunday, March 8th. Finally, Zacks Research raised ACM Research from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $40.00.

Institutional Trading of ACM Research

Several institutional investors and hedge funds have recently modified their holdings of ACMR. Farther Finance Advisors LLC raised its holdings in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares in the last quarter. Hantz Financial Services Inc. raised 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 valued at $26,000 after acquiring an additional 480 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of ACM Research during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp raised its holdings in shares of 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 buying an additional 515 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

About ACM Research

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.