Schonfeld Strategic Advisors LLC increased its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 70.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Kerrisdale Advisers LLC grew its holdings in ACM Research by 550.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock valued at $29,415,000 after purchasing an additional 1,648,685 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in ACM Research by 2,258.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock worth $22,171,000 after acquiring an additional 1,406,968 shares in the last quarter. Panview Capital Ltd bought a new position in ACM Research in the 4th quarter worth about $20,758,000. SG Americas Securities LLC bought a new position in ACM Research in the 4th quarter worth about $5,782,000. Finally, Trexquant Investment LP boosted its stake in shares of ACM Research by 110.4% during the fourth quarter. Trexquant Investment LP now owns 572,870 shares of the specialty retailer's stock valued at $8,650,000 after purchasing an additional 300,622 shares in the last quarter. Institutional investors own 66.75% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research report on Friday, February 28th. They set an "overweight" rating and a $36.00 target price for the company. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.
Read Our Latest Research Report on ACM Research
ACM Research Stock Performance
ACMR stock traded down $0.88 during midday trading on Friday, hitting $23.46. 341,206 shares of the stock traded hands, compared to its average volume of 1,484,518. The firm has a market cap of $1.38 billion, a P/E ratio of 17.83 and a beta of 1.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The stock's fifty day simple moving average is $22.71 and its 200-day simple moving average is $20.35. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $30.64.
Insider Activity at ACM Research
In related news, Director Haiping Dun sold 9,518 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total transaction of $276,022.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David H. Wang sold 56,250 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the sale, the insider now owns 747,708 shares in the company, valued at approximately $19,866,601.56. This represents a 7.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 266,576 shares of company stock worth $7,693,575. 25.00% of the stock is owned by company insiders.
ACM Research Company Profile
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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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