Kerrisdale Advisers LLC boosted its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 550.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,948,003 shares of the specialty retailer's stock after acquiring an additional 1,648,685 shares during the quarter. ACM Research accounts for 9.9% of Kerrisdale Advisers LLC's portfolio, making the stock its largest position. Kerrisdale Advisers LLC owned approximately 3.38% of ACM Research worth $29,415,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in ACMR. Tower Research Capital LLC TRC increased its stake in ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after buying an additional 1,685 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in ACM Research during the fourth quarter worth about $33,000. Picton Mahoney Asset Management raised its stake in ACM Research by 66.2% in the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after buying an additional 1,236 shares during the period. Federated Hermes Inc. lifted its position in shares of ACM Research by 42.0% in the fourth quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock valued at $125,000 after buying an additional 2,447 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of ACM Research in the fourth quarter valued at approximately $162,000. 66.75% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on ACMR shares. JPMorgan Chase & Co. started coverage on ACM Research in a research report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price objective for the company. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $29.40.
Read Our Latest Stock Analysis on ACM Research
Insider Buying and Selling at ACM Research
In other news, Director Haiping Dun sold 9,518 shares of ACM Research 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 transaction, the director now owns 755,090 shares in the company, valued at approximately $21,897,610. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction on Monday, March 17th. The shares were sold at an average price of $30.00, for a total value of $4,899,240.00. Following the completion of the transaction, the director now owns 100,002 shares in the company, valued at approximately $3,000,060. The trade was a 62.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 289,174 shares of company stock valued at $8,213,329 in the last three months. Corporate insiders own 31.24% of the company's stock.
ACM Research Stock Performance
NASDAQ:ACMR traded down $2.67 during mid-day trading on Tuesday, hitting $18.13. 2,458,482 shares of the stock were exchanged, compared to its average volume of 1,725,179. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.74 and a beta of 1.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The firm's 50-day simple moving average is $23.82 and its 200 day simple moving average is $20.18. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.64.
About ACM Research
(
Free Report)
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.
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