Raiffeisen Bank International AG Acquires New Shares in ACM Research, Inc. (NASDAQ:ACMR)

Raiffeisen Bank International AG purchased a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of ACM Research by 63.3% during the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer's stock valued at $2,793,000 after acquiring an additional 53,319 shares during the period. SG Americas Securities LLC purchased a new position in ACM Research during the fourth quarter worth approximately $5,782,000. Janney Montgomery Scott LLC grew its holdings in ACM Research by 35.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer's stock valued at $1,067,000 after purchasing an additional 18,617 shares during the period. FCG Investment Co increased its position in shares of ACM Research by 11.7% in the fourth quarter. FCG Investment Co now owns 19,782 shares of the specialty retailer's stock valued at $299,000 after buying an additional 2,066 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ACM Research in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

ACMR traded up $0.93 on Tuesday, hitting $24.28. 1,039,664 shares of the company's stock were exchanged, compared to its average volume of 1,486,737. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.64. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 18.39 and a beta of 1.57. The firm has a 50-day moving average price of $22.56 and a 200-day moving average price of $20.42. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

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

Insider Buying and Selling

In other ACM Research news, Director Chenming Hu sold 163,308 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the transaction, the director now owns 100,002 shares of the company's stock, valued at approximately $3,000,060. The trade was a 62.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David H. Wang sold 37,500 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 672,708 shares of the company's stock, valued at $18,364,928.40. This trade represents a 5.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 266,576 shares of company stock worth $7,693,575. 25.00% of the stock is owned by insiders.

About ACM Research

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.