ACM Research, Inc. (NASDAQ:ACMR) Position Increased by AlphaQuest LLC

AlphaQuest LLC lifted its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,331 shares of the specialty retailer’s stock after buying an additional 1,850 shares during the quarter. AlphaQuest LLC’s holdings in ACM Research were worth $322,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in ACM Research in the fourth quarter worth about $33,000. Erste Asset Management GmbH acquired a new stake in shares of ACM Research during the 3rd quarter worth approximately $37,000. Truvestments Capital LLC bought a new stake in shares of ACM Research in the 3rd quarter worth approximately $72,000. Ieq Capital LLC acquired a new position in ACM Research during the 4th quarter valued at approximately $162,000. Finally, Beacon Financial Advisory LLC grew its stake in ACM Research by 7.1% during the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock worth $219,000 after buying an additional 960 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Price Performance

NASDAQ ACMR opened at $29.18 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 firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 22.11 and a beta of 1.61. The company has a 50 day simple moving average of $21.87 and a 200-day simple moving average of $19.18. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $33.40.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ACMR. JPMorgan Chase & Co. initiated coverage on ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 target price on the stock. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, ACM Research has an average rating of “Moderate Buy” and an average price target of $29.40.

Insiders Place Their Bets

In related news, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the sale, the insider now owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David H. Wang sold 37,500 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $27.30, for a total value of $1,023,750.00. Following the completion of the transaction, the insider now owns 672,708 shares in the company, valued at $18,364,928.40. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 116,348 shares of company stock worth $3,038,067 in the last quarter. 31.24% of the stock is currently owned by corporate insiders.

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.