Analysts Set Average Price Target of $27.75 for ACM Research, Inc. (NASDAQ: ACMR)

ACM Research, Inc. (NASDAQ:ACMR) has received a consensus rating of "Moderate Buy" from five brokerages monitoring the company, according to MarketBeat.com. Among these analysts, one has suggested a hold rating while four have issued buy ratings for the stock. The average price target set for the stock over the next twelve months is $29.40.

Recent Analyst Upgrades

Several research reports have focused on ACM Research in recent times. On February 26, Craig Hallum upgraded the stock from a "hold" position to a "buy" recommendation in their analysis. Needham & Company LLC maintained a "hold" rating on ACM Research in a report released shortly thereafter. Additionally, JPMorgan Chase & Co. has initiated coverage of the stock with an "overweight" rating and a price target of $36.00.

Insider Activity

In recent news regarding insider activity at ACM Research, Sotheara Cheav sold 22,598 shares on February 6 at an average price of $23.00, resulting in a total transaction value of $519,754. Following this sale, Cheav holds 100,002 shares, amounting to a value of approximately $2,300,046, which reflects an 18.43% decrease in their ownership stake. This transaction has been duly reported in a filing with the SEC, which is accessible through standard procedures. Company insiders currently own 31.24% of the overall stock.

Institutional Ownership Trends

Significant shifts in institutional investment have also been noted recently in ACM Research shares. Tower Research Capital LLC TRC reported a staggering 506.0% increase in their stake during the fourth quarter, currently holding 2,018 shares valued at $30,000 after acquiring 1,685 additional shares. Mirae Asset Global Investments Co. Ltd. entered a new position in ACM Research, valued at around $33,000. Erste Asset Management GmbH invested in ACM Research during the third quarter, with a stake valued at about $37,000. Moreover, Picton Mahoney Asset Management expanded its holdings by 66.2% during the same quarter, now owning 3,104 shares worth approximately $47,000 after acquiring an extra 1,236 shares. Finally, Truvestments Capital LLC entered a fresh investment stake in ACM Research during the third quarter, with an estimated value of $72,000. Presently, 66.75% of the stock is under the ownership of hedge funds and other institutional investors.

Price and Performance Overview

As of Friday, ACMR shares opened at $25.94. Over the past year, the stock has seen a low of $13.87 and a high of $34.40. The company has a market capitalization of $1.49 billion, a PE ratio of 19.65, and a beta of 1.58. Its current ratio stands at 2.37, with a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. Notably, the stock averages a fifty-day moving average of $19.59 and a two-hundred-day moving average of $18.69.

Company Overview

ACM Research, Inc., along with its subsidiaries, specializes in the development, manufacturing, and selling of single-wafer wet cleaning equipment. This technology enhances the manufacturing process and yield of integrated circuits globally. The company’s innovative technologies include space-alternated phase shift technology for both flat and patterned wafer surfaces, timely energized bubble oscillation technology for cleaning at advanced process nodes, Tahoe technology which provides cleaning efficiency using fewer acids, and advanced electro-chemical plating technology for metal finishing.

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