ACM Research (NASDAQ:ACMR) Rating Increased to Strong-Buy at Seaport Research Partners

ACM Research (NASDAQ:ACMR) was upgraded by stock analysts at Seaport Research Partners to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on ACMR. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen lowered shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. Finally, Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, ACM Research has an average rating of “Hold” and a consensus price target of $40.00.

ACM Research Price Performance

ACM Research stock opened at $52.80 on Monday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 38.54 and a beta of 1.82. ACM Research has a one year low of $19.10 and a one year high of $71.65. 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 has a fifty day moving average price of $48.89 and a 200-day moving average price of $45.94.

Insider Transactions at ACM Research

In other news, Director Tracy Liu sold 45,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. This represents a 28.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 65,000 shares of company stock valued at $3,110,750. 25.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Illinois Municipal Retirement Fund boosted its position in shares of ACM Research by 30.5% during the first quarter. Illinois Municipal Retirement Fund now owns 31,532 shares of the specialty retailer’s stock valued at $1,241,000 after buying an additional 7,377 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in ACM Research in the 1st quarter worth about $80,000. First Growth Capital LLC raised its position in ACM Research by 5.4% in the 1st quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock worth $226,000 after buying an additional 285 shares during the last quarter. Fifth Third Bancorp lifted its stake in ACM Research by 11,546.9% during the 1st quarter. Fifth Third Bancorp now owns 11,414 shares of the specialty retailer’s stock valued at $449,000 after acquiring an additional 11,316 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in ACM Research during the 1st quarter valued at about $2,999,000. 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.