Raiffeisen Bank International AG Takes $10.55 Million Position in ACM Research, Inc. (NASDAQ:ACMR)

Raiffeisen Bank International AG acquired a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 700,000 shares of the specialty retailer's stock, valued at approximately $10,549,000. Raiffeisen Bank International AG owned 1.22% of ACM Research as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ACMR. ProShare Advisors LLC boosted its stake in shares of ACM Research by 45.8% in the 4th quarter. ProShare Advisors LLC now owns 21,516 shares of the specialty retailer's stock worth $325,000 after buying an additional 6,762 shares during the last quarter. Man Group plc bought a new position in shares of ACM Research in the 4th quarter worth approximately $370,000. Oasis Management Co Ltd. lifted its stake in shares of ACM Research by 29.8% in the 4th quarter. Oasis Management Co Ltd. now owns 373,709 shares of the specialty retailer's stock worth $5,643,000 after purchasing an additional 85,830 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ACM Research by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after buying an additional 1,061 shares during the period. Finally, Janus Henderson Group PLC grew its position in ACM Research by 29.8% during the fourth quarter. Janus Henderson Group PLC now owns 152,005 shares of the specialty retailer's stock valued at $2,295,000 after buying an additional 34,880 shares during the period. Institutional investors own 66.75% of the company's stock.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 37,500 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the completion of the transaction, the insider now owns 672,708 shares of the company's stock, valued at $18,364,928.40. This represents a 5.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $30.00, for a total value of $4,899,240.00. Following the completion of the sale, the director now directly owns 100,002 shares in the company, valued at $3,000,060. This trade represents a 62.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 266,576 shares of company stock worth $7,693,575. 25.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

ACM Research Price Performance

Shares of ACMR traded down $1.11 during trading hours on Wednesday, reaching $23.17. 598,035 shares of the stock traded hands, compared to its average volume of 1,486,023. The company has a market cap of $1.36 billion, a P/E ratio of 17.70 and a beta of 1.57. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The company's 50-day moving average price is $22.50 and its two-hundred day moving average price is $20.45. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64.

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.