ACM Research, Inc. (NASDAQ:ACMR) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 39.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,250 shares of the specialty retailer's stock after purchasing an additional 101,249 shares during the period. AQR Capital Management LLC owned about 0.62% of ACM Research worth $5,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACMR. Rhumbline Advisers lifted its holdings in ACM Research by 0.8% during the fourth quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock valued at $1,113,000 after purchasing an additional 589 shares in the last quarter. Beacon Financial Advisory LLC increased its stake in ACM Research by 7.1% during the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer's stock worth $219,000 after buying an additional 960 shares in the last quarter. Arizona State Retirement System lifted its position in shares of ACM Research by 7.3% in the fourth quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer's stock valued at $226,000 after acquiring an additional 1,017 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 1,236 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in ACM Research by 506.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 1,685 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Performance

Shares of ACM Research stock traded down $0.26 on Friday, hitting $22.17. The stock had a trading volume of 1,570,081 shares, compared to its average volume of 1,489,591. The company's 50 day moving average price is $22.85 and its 200 day moving average price is $20.20. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 16.80 and a beta of 1.57. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64.

Analyst Ratings Changes

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

Insider Buying and Selling

In other ACM Research news, 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 owns 100,002 shares of the company's stock, valued at approximately $3,000,060. The trade was a 62.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Haiping Dun sold 9,518 shares of the business'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 sale, the director now owns 755,090 shares in the company, valued at $21,897,610. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 266,576 shares of company stock valued at $7,693,575 over the last quarter. 31.24% of the stock is currently owned by insiders.

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.