1,374,699 Shares in ACM Research, Inc. (NASDAQ:ACMR) Bought by Panview Capital Ltd

Panview Capital Ltd acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,374,699 shares of the specialty retailer’s stock, valued at approximately $20,758,000. ACM Research accounts for 4.4% of Panview Capital Ltd’s portfolio, making the stock its 8th largest position. Panview Capital Ltd owned about 2.39% of ACM Research as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACMR. SG Americas Securities LLC acquired a new stake in ACM Research in the 4th quarter valued at $5,782,000. Yong Rong HK Asset Management Ltd acquired a new stake in ACM Research in the 4th quarter valued at $2,265,000. Algert Global LLC increased its stake in ACM Research by 530.5% in the 3rd quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock valued at $3,611,000 after buying an additional 149,670 shares during the last quarter. Portolan Capital Management LLC increased its stake in ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after buying an additional 65,616 shares during the last quarter. Finally, Barclays PLC increased its stake in ACM Research by 63.3% in the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock valued at $2,793,000 after buying an additional 53,319 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ACMR. Craig Hallum lowered shares of ACM Research from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $30.00 to $18.00 in a research note on Thursday, December 5th. Needham & Company LLC lowered shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

ACM Research Trading Down 2.8 %

Shares of NASDAQ ACMR opened at $26.04 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $34.40. The firm has a 50 day moving average price of $18.59 and a two-hundred day moving average price of $18.47. The stock has a market cap of $1.50 billion, a P/E ratio of 19.73 and a beta of 1.58.

Insider Activity

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the transaction, the insider now directly owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the completion of the transaction, the insider now directly owns 654,256 shares in the company, valued at $11,704,639.84. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.24% 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.