PDT Partners LLC Takes Position in ACM Research, Inc. (NASDAQ:ACMR)

PDT Partners LLC bought a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 108,030 shares of the specialty retailer's stock, valued at approximately $1,631,000. PDT Partners LLC owned 0.19% of ACM Research as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of ACM Research by 1.6% in the 4th 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. Kerrisdale Advisers LLC raised its position in shares of ACM Research by 550.8% in the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock worth $29,415,000 after purchasing an additional 1,648,685 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in ACM Research by 2,258.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock worth $22,171,000 after purchasing an additional 1,406,968 shares in the last quarter. Panview Capital Ltd bought a new stake in ACM Research during the 4th quarter valued at about $20,758,000. Finally, Pertento Partners LLP raised its holdings in ACM Research by 22.3% in the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer's stock worth $17,894,000 after buying an additional 215,744 shares during the last quarter. Institutional investors own 66.75% of the company's stock.

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 that occurred 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 directly owns 100,002 shares of the company's stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Haiping Dun sold 9,518 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $29.00, for a total value of $276,022.00. Following the completion of the sale, the director now owns 755,090 shares of the company's stock, valued at $21,897,610. This trade represents a 1.24 % 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 worth $8,213,329 in the last three months. 31.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. JPMorgan Chase & Co. assumed coverage on ACM Research in a report on Friday, February 28th. They set an "overweight" rating and a $36.00 price target on the stock. Finally, Craig Hallum upgraded ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

ACM Research Stock Performance

Shares of ACMR traded down $0.30 during trading hours on Monday, hitting $19.63. The stock had a trading volume of 417,892 shares, compared to its average volume of 1,732,256. The firm has a market capitalization of $1.14 billion, a PE ratio of 14.87 and a beta of 1.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $30.64. The stock has a fifty day moving average price of $23.36 and a 200 day moving average price of $20.16.

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.