Key Points
- Director Charles Pappis sold 5,000 shares on April 17 at $52 each, netting $260,000 and cutting his direct stake by 50% to 5,000 shares; the sale was reported on an SEC Form 4.
- Institutional investors own about 66.75% of ACMR with large recent purchases (e.g., Principal Financial grew its position ~396%), while analysts are mixed—the MarketBeat consensus is a "Buy" with a $40 target, below the current ~ $51 share price—indicating divergent signals.
ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Charles Pappis sold 5,000 shares of the firm's 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 in the company, valued at approximately $260,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
ACM Research Stock Performance
Shares of NASDAQ ACMR opened at $51.21 on Wednesday. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 37.38 and a beta of 1.69. The company has a current ratio of 3.27, a quick ratio of 2.33 and a debt-to-equity ratio of 0.09. ACM Research, Inc. has a 1-year low of $17.32 and a 1-year high of $71.65. The stock's 50-day moving average is $51.00 and its 200 day moving average is $45.22.
Hedge Funds Weigh In On ACM Research
Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in ACM Research by 396.3% during the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer's stock worth $13,187,000 after acquiring an additional 269,094 shares during the last quarter. SG Americas Securities LLC bought a new position in ACM Research during the 3rd quarter worth approximately $886,000. Hussman Strategic Advisors Inc. bought a new position in ACM Research during the 3rd quarter worth approximately $2,054,000. State of Alaska Department of Revenue bought a new position in ACM Research during the 3rd quarter worth approximately $1,011,000. Finally, Congress Asset Management Co. grew its position in ACM Research by 43.0% during the 3rd quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer's stock worth $11,032,000 after acquiring an additional 84,747 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on ACMR shares. Zacks Research raised ACM Research from a "hold" rating to a "strong-buy" rating in a report on Friday, March 6th. Weiss Ratings cut ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, March 9th. Finally, Wall Street Zen cut ACM Research from a "hold" rating to a "sell" rating in a report on Sunday, March 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $40.00.
Check Out Our Latest Report on ACM Research
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.
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