ACM Research (NASDAQ:ACMR) Trading Down 6.5% on Analyst Downgrade

ACM Research, Inc. (NASDAQ:ACMR) shares fell 6.5% during trading on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $52.38 and last traded at $52.4430. 391,866 shares changed hands during trading, a decline of 71% from the average session volume of 1,363,046 shares. The stock had previously closed at $56.10.

A number of other analysts have also recently weighed in on ACMR. Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday, March 8th. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.00.

Insider Activity

In other ACM Research news, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $260,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tracy Liu sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total value of $2,132,100.00. Following the transaction, the director directly owned 110,772 shares in the company, valued at approximately $5,248,377.36. The trade was a 28.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 65,000 shares of company stock worth $3,110,750. Corporate insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Several hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of ACM Research by 396.3% during the third quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock worth $13,187,000 after buying an additional 269,094 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of ACM Research during the third quarter worth about $886,000. Hussman Strategic Advisors Inc. purchased a new position in shares of ACM Research during the third quarter worth about $2,054,000. State of Alaska Department of Revenue purchased a new position in shares of ACM Research during the third quarter worth about $1,011,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of ACM Research during the third quarter worth about $2,028,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Performance

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 stock has a fifty day moving average of $49.76 and a 200-day moving average of $45.68. The stock has a market cap of $2.95 billion, a PE ratio of 35.51 and a beta of 1.69.

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.