Bridgefront Capital LLC Makes New $191,000 Investment in ACM Research, Inc. (NASDAQ:ACMR)

Bridgefront Capital LLC acquired a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,643 shares of the specialty retailer's stock, valued at approximately $191,000.

Several other large investors also recently bought and sold shares of ACMR. PDT Partners LLC bought a new position in ACM Research during the fourth quarter valued at $1,631,000. Schonfeld Strategic Advisors LLC lifted its stake in ACM Research by 70.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 36,701 shares of the specialty retailer's stock worth $554,000 after acquiring an additional 15,183 shares during the period. AQR Capital Management LLC lifted its position in shares of ACM Research by 39.4% during the fourth quarter. AQR Capital Management LLC now owns 358,250 shares of the specialty retailer's stock valued at $5,410,000 after buying an additional 101,249 shares during the last quarter. Northern Trust Corp lifted its position in shares of ACM Research by 9.9% during the fourth quarter. Northern Trust Corp now owns 534,243 shares of the specialty retailer's stock valued at $8,067,000 after buying an additional 47,953 shares during the last quarter. Finally, Oberweis Asset Management Inc. lifted its position in shares of ACM Research by 16.5% during the fourth quarter. Oberweis Asset Management Inc. now owns 485,200 shares of the specialty retailer's stock valued at $7,327,000 after buying an additional 68,700 shares during the last quarter. Institutional investors own 66.75% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ACMR shares. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a report on Friday, February 28th. They set an "overweight" rating and a $36.00 price objective on the stock. Craig Hallum raised 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 research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.40.

ACM Research Stock Performance

Shares of NASDAQ:ACMR traded up $0.12 during trading on Wednesday, reaching $25.26. The company had a trading volume of 450,888 shares, compared to its average volume of 1,485,613. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 19.14 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 moving average price is $22.81 and its 200 day moving average price is $20.25. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.64.

Insider Activity

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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 56,250 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total value of $1,494,562.50. Following the sale, the insider now directly owns 747,708 shares in the company, valued at approximately $19,866,601.56. This represents a 7.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 266,576 shares of company stock worth $7,693,575 over the last 90 days. 31.24% of the stock is currently owned by corporate 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.