Invesco Ltd. Has $17.11 Million Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Invesco Ltd. trimmed its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,132,953 shares of the specialty retailer's stock after selling 53,393 shares during the quarter. Invesco Ltd. owned 1.97% of ACM Research worth $17,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in ACM Research by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer's stock valued at $63,441,000 after purchasing an additional 67,255 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of 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 valued at $22,171,000 after buying an additional 1,406,968 shares in the last quarter. Panview Capital Ltd acquired a new position in ACM Research in the fourth quarter worth approximately $20,758,000. Pertento Partners LLP raised its position in ACM Research by 22.3% during the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer's stock valued at $17,894,000 after acquiring an additional 215,744 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in ACM Research by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer's stock valued at $17,896,000 after acquiring an additional 4,131 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the transaction, the insider now owns 100,002 shares of the company's stock, valued at $2,300,046. This represents a 18.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $30.00, for a total value of $4,899,240.00. Following the sale, the director now directly owns 100,002 shares in the company, valued at $3,000,060. The trade was a 62.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock worth $8,213,329 in the last ninety days. 31.24% of the stock is currently owned by insiders.

ACM Research Stock Performance

Shares of ACMR stock traded up $0.19 during trading hours on Friday, reaching $21.07. 232,547 shares of the company's stock were exchanged, compared to its average volume of 1,463,448. The business has a fifty day moving average price of $23.99 and a 200-day moving average price of $20.20. The stock has a market capitalization of $1.22 billion, a P/E ratio of 15.96 and a beta of 1.65. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.64.

Analysts Set New Price Targets

ACMR has been the topic of several analyst reports. JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research note on Friday, February 28th. They set an "overweight" rating and a $36.00 price target on the stock. Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reiterated 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 given a buy rating to the stock. Based on data from MarketBeat.com, ACM Research presently has a consensus rating of "Moderate Buy" and a consensus price target 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.