Key Points
- Tracy Liu, an ACM Research director, sold 45,000 shares on March 10 at $47.38 (≈$2.13M) and another 15,000 on March 11 at $47.91 (≈$718.7K), totaling ~60,000 shares for roughly $2.85M; after the March 10 sale she directly owned 110,772 shares (a 28.89% reduction).
- ACM Research (NASDAQ:ACMR) shares traded up 2.9% to $46.57; the company has a market cap of $2.83B, institutions own about 66.75% after large recent inflows, and analysts show a consensus rating of Buy with an average target of $40.
ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $47.91, for a total transaction of $718,650.00. Following the sale, the director directly owned 110,772 shares of the company's stock, valued at $5,307,086.52. This trade represents a 11.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Tracy Liu also recently made the following trade(s):
- On Tuesday, March 10th, Tracy Liu sold 45,000 shares of ACM Research stock. The shares were sold at an average price of $47.38, for a total value of $2,132,100.00.
ACM Research Stock Up 3.0%
ACMR traded up $1.38 during trading on Friday, hitting $46.65. 305,859 shares of the company's stock traded hands, compared to its average volume of 1,571,287. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 33.96 and a beta of 1.49. The company's 50 day simple moving average is $55.69 and its two-hundred day simple moving average is $42.64. ACM Research, Inc. has a 12-month low of $16.82 and a 12-month high of $71.65. The company has a current ratio of 3.27, a quick ratio of 2.33 and a debt-to-equity ratio of 0.09.
Institutional Trading of ACM Research
Several large investors have recently added to or reduced their stakes in ACMR. LSV Asset Management raised its position in ACM Research by 462.9% in the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer's stock worth $97,993,000 after acquiring an additional 2,059,405 shares during the period. Invesco Ltd. raised its holdings in ACM Research by 444.5% in the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer's stock worth $52,947,000 after purchasing an additional 1,095,634 shares during the period. Janus Henderson Group PLC lifted its position in ACM Research by 1,406.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer's stock valued at $42,740,000 after purchasing an additional 1,011,088 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in ACM Research by 39.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer's stock valued at $59,631,000 after purchasing an additional 649,116 shares during the period. Finally, Vanguard Group Inc. increased its position in ACM Research by 12.8% in the third quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer's stock worth $189,640,000 after buying an additional 549,971 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on ACMR. Wall Street Zen lowered ACM Research from a "hold" rating to a "sell" rating in a research report on Sunday, March 8th. Weiss Ratings downgraded shares of ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. Finally, Zacks Research upgraded shares of ACM Research from a "hold" rating to a "strong-buy" rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, ACM Research has a consensus rating of "Buy" and a consensus price target of $40.00.
Check Out Our Latest Report on ACMR
About ACM Research
(
Get Free Report)
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.
Further Reading
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