ACM Research, Inc. (NASDAQ:ACMR) is Steamboat Capital Partners LLC's 9th Largest Position

Steamboat Capital Partners LLC cut its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 748,925 shares of the specialty retailer's stock after selling 230,083 shares during the quarter. ACM Research makes up approximately 3.5% of Steamboat Capital Partners LLC's portfolio, making the stock its 9th largest holding. Steamboat Capital Partners LLC owned 1.30% of ACM Research worth $11,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kerrisdale Advisers LLC grew its stake in ACM Research by 550.8% in the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock valued at $29,415,000 after buying an additional 1,648,685 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of ACM Research by 2,258.3% in the fourth 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 during the period. Panview Capital Ltd purchased a new position in shares of ACM Research in the fourth quarter valued at $20,758,000. Raiffeisen Bank International AG purchased a new stake in ACM Research during the 4th quarter worth about $10,549,000. Finally, SG Americas Securities LLC bought a new position in ACM Research in the 4th quarter worth about $5,782,000. Institutional investors own 66.75% of the company's stock.

Insider Activity

In other 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 transaction of $4,899,240.00. Following the completion of the transaction, 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. In the last 90 days, insiders sold 266,576 shares of company stock worth $7,693,575. 25.00% of the stock is currently owned by insiders.

ACM Research Price Performance

NASDAQ ACMR traded down $0.17 during trading on Friday, reaching $22.37. The company's stock had a trading volume of 206,562 shares, compared to its average volume of 1,485,233. The stock has a market capitalization of $1.32 billion, a PE ratio of 16.95 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 firm has a fifty day moving average of $22.23 and a 200 day moving average of $20.49. ACM Research, Inc. has a one year low of $13.87 and a one year high of $30.64.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. 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 objective for the company. Finally, Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, ACM Research presently has a consensus rating of "Moderate Buy" and a consensus target price 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.