Algert Global LLC Trims Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Algert Global LLC lowered its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 31.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,464 shares of the specialty retailer's stock after selling 55,421 shares during the quarter. Algert Global LLC owned 0.21% of ACM Research worth $1,849,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in ACM Research by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer's stock valued at $63,441,000 after acquiring an additional 67,255 shares during the period. Kerrisdale Advisers LLC boosted 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 acquiring an additional 1,648,685 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in ACM Research by 2,258.3% during 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 purchasing an additional 1,406,968 shares in the last quarter. Panview Capital Ltd bought a new stake in ACM Research during the 4th quarter valued at $20,758,000. Finally, Pertento Partners LLP raised its position in ACM Research by 22.3% during the 4th quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer's stock valued at $17,894,000 after purchasing an additional 215,744 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Stock Up 11.0%

Shares of NASDAQ ACMR traded up $2.43 during mid-day trading on Monday, reaching $24.62. 1,721,389 shares of the company were exchanged, compared to its average volume of 1,490,531. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 18.65 and a beta of 1.57. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The firm has a 50-day moving average of $22.85 and a 200 day moving average of $20.21.

Wall Street Analyst Weigh In

ACMR has been the subject of several recent research reports. Craig Hallum upgraded ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. began coverage on shares of ACM Research in a research report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.40.

Insider Buying and Selling

In related news, Director Haiping Dun sold 9,518 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $29.00, for a total transaction of $276,022.00. Following the completion of the sale, the director now directly owns 755,090 shares in the company, valued at $21,897,610. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Chenming Hu sold 163,308 shares of the company's stock in a transaction 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 owns 100,002 shares of the company's stock, valued at $3,000,060. This trade represents a 62.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 266,576 shares of company stock worth $7,693,575 in the last three months. 31.24% of the stock is owned by insiders.

About ACM Research

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.