JPMorgan Chase & Co. Initiates Coverage on ACM Research (NASDAQ:ACMR)

Research analysts at JPMorgan Chase & Co. began coverage on shares of ACM Research (NASDAQ:ACMR) in a report issued on Friday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $36.00 price target on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 38.78% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of ACM Research in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

ACM Research Stock Performance

ACMR stock opened at $25.94 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The company has a 50 day moving average price of $19.59 and a 200 day moving average price of $18.69. ACM Research has a fifty-two week low of $13.87 and a fifty-two week high of $34.40. The stock has a market capitalization of $1.49 billion, a PE ratio of 19.65 and a beta of 1.58.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the completion of the sale, the insider now owns 100,002 shares in the company, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 31.24% of the company’s stock.

Institutional Trading of ACM Research

A number of large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ACM Research by 1,418.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer’s stock valued at $17,738,000 after buying an additional 1,097,358 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of ACM Research by 33.7% in the 4th quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer’s stock valued at $1,888,000 after buying an additional 31,511 shares in the last quarter. Triata Capital Ltd bought a new stake in shares of ACM Research in the 4th quarter valued at $15,507,000. Sherbrooke Park Advisers LLC increased its position in shares of ACM Research by 10.7% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 14,122 shares of the specialty retailer’s stock valued at $213,000 after buying an additional 1,362 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in ACM Research in the 4th quarter worth $10,549,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.