13,500 Shares in ACM Research, Inc. (NASDAQ:ACMR) Acquired by Aristides Capital LLC

Aristides Capital LLC bought a new position in ACM Research, Inc. (NASDAQ:ACMR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,500 shares of the specialty retailer’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in ACM Research by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer’s stock worth $63,441,000 after purchasing an additional 67,255 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of ACM Research by 2,258.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock worth $22,171,000 after acquiring an additional 1,406,968 shares during the period. Panview Capital Ltd purchased a new position in shares of ACM Research during the 4th quarter valued at about $20,758,000. Pertento Partners LLP lifted its holdings in shares of ACM Research by 22.3% in the 4th quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer’s stock valued at $17,894,000 after buying an additional 215,744 shares during the period. Finally, Geode Capital Management LLC boosted its position in ACM Research by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer’s stock worth $17,896,000 after purchasing an additional 4,131 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Chenming Hu sold 163,308 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the transaction, the director now directly owns 100,002 shares in the company, valued at approximately $3,000,060. This represents a 62.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction dated 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 directly owns 100,002 shares in the company, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock valued at $8,213,329 in the last ninety days. Insiders own 31.24% of the company’s stock.

ACM Research Stock Down 9.2 %

Shares of NASDAQ:ACMR opened at $20.30 on Monday. The firm has a fifty day moving average price of $24.58 and a 200 day moving average price of $20.20. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $32.95. 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 stock has a market cap of $1.18 billion, a P/E ratio of 15.38 and a beta of 1.65.

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.