ACM Research, Inc. (NASDAQ:ACMR) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 70.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,701 shares of the specialty retailer's stock after buying an additional 15,183 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.06% of ACM Research worth $554,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in ACM Research by 39.4% in the 4th quarter. AQR Capital Management LLC now owns 358,250 shares of the specialty retailer's stock worth $5,410,000 after buying an additional 101,249 shares during the last quarter. Northern Trust Corp boosted its position in shares of ACM Research by 9.9% in the fourth quarter. Northern Trust Corp now owns 534,243 shares of the specialty retailer's stock worth $8,067,000 after acquiring an additional 47,953 shares during the last quarter. Oberweis Asset Management Inc. grew its holdings in ACM Research by 16.5% in the fourth quarter. Oberweis Asset Management Inc. now owns 485,200 shares of the specialty retailer's stock valued at $7,327,000 after purchasing an additional 68,700 shares during the period. Kerrisdale Advisers LLC raised its stake in ACM Research by 550.8% during the fourth 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 period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of ACM Research by 9.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,267 shares of the specialty retailer's stock valued at $548,000 after purchasing an additional 3,031 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insiders Place Their Bets

In other news, insider David H. Wang sold 37,500 shares of ACM Research stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the sale, the insider now directly owns 672,708 shares of the company's stock, valued at approximately $18,364,928.40. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chenming Hu sold 163,308 shares of the stock in a transaction dated 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 directly owns 100,002 shares of the company's stock, valued at $3,000,060. This represents a 62.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 266,576 shares of company stock worth $7,693,575 in the last 90 days. 31.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

ACMR has been the topic of several research reports. JPMorgan Chase & Co. began coverage on ACM Research in a research report on Friday, February 28th. They issued an "overweight" rating and a $36.00 target price on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. Finally, Craig Hallum upgraded shares of 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

ACM Research Price Performance

ACMR stock opened at $22.17 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The firm has a market cap of $1.30 billion, a P/E ratio of 16.80 and a beta of 1.57. The stock has a 50-day simple moving average of $22.85 and a 200-day simple moving average of $20.20.

ACM Research 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.

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