Oberweis Asset Management Inc. Grows Position in ACM Research, Inc. (NASDAQ:ACMR)

Oberweis Asset Management Inc. grew its stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 485,200 shares of the specialty retailer's stock after buying an additional 68,700 shares during the quarter. Oberweis Asset Management Inc. owned 0.84% of ACM Research worth $7,327,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC grew its position in ACM Research by 63.3% during the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer's stock worth $2,793,000 after acquiring an additional 53,319 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ACM Research by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer's stock valued at $23,973,000 after acquiring an additional 26,620 shares during the period. Harbour Capital Advisors LLC raised its stake in shares of ACM Research by 23.1% during the fourth quarter. Harbour Capital Advisors LLC now owns 19,325 shares of the specialty retailer's stock valued at $300,000 after acquiring an additional 3,625 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of ACM Research during the fourth quarter worth about $5,782,000. Finally, Janney Montgomery Scott LLC raised its position in ACM Research by 35.8% during the 4th 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 last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Stock Performance

ACM Research stock traded down $2.55 during mid-day trading on Tuesday, reaching $18.25. 2,664,878 shares of the stock traded hands, compared to its average volume of 1,469,645. The business's 50-day moving average is $23.82 and its 200-day moving average is $20.18. The stock has a market capitalization of $1.06 billion, a PE ratio of 13.79 and a beta of 1.65. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $30.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

Insider Activity at ACM Research

In other news, insider Sotheara Cheav sold 22,598 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the transaction, the insider now owns 100,002 shares of the company's stock, valued at $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Wang sold 56,250 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total value of $1,494,562.50. Following the transaction, the insider now owns 747,708 shares of the company's stock, valued at approximately $19,866,601.56. This trade represents a 7.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 289,174 shares of company stock worth $8,213,329. 31.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.