Northern Trust Corp Purchases 47,953 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Northern Trust Corp raised its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 534,243 shares of the specialty retailer's stock after buying an additional 47,953 shares during the period. Northern Trust Corp owned about 0.93% of ACM Research worth $8,067,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ACMR. Tower Research Capital LLC TRC grew its holdings in shares of ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 1,685 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ACM Research in the 4th quarter valued at $33,000. Picton Mahoney Asset Management boosted its position in shares of 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 during the period. Federated Hermes Inc. increased its stake in ACM Research by 42.0% in the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock worth $125,000 after purchasing an additional 2,447 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in ACM Research during the 4th quarter worth about $162,000. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Down 2.1%

NASDAQ ACMR traded down $0.49 during trading on Thursday, reaching $22.54. 862,649 shares of the company's stock were exchanged, compared to its average volume of 1,488,852. 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 fifty-two week low of $13.87 and a fifty-two week high of $30.64. The company's fifty day simple moving average is $22.38 and its 200-day simple moving average is $20.46. The firm has a market capitalization of $1.33 billion, a PE ratio of 17.08 and a beta of 1.57.

Insider Transactions at ACM Research

In other ACM Research news, Director Haiping Dun sold 9,518 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the transaction, the director now owns 755,090 shares in the company, valued at approximately $21,897,610. This represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 37,500 shares of ACM Research stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the sale, the insider now directly owns 672,708 shares of the company's stock, valued at $18,364,928.40. This trade represents a 5.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 266,576 shares of company stock valued at $7,693,575 over the last three months. 25.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ACMR. Needham & Company LLC reiterated a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. JPMorgan Chase & Co. assumed 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. Finally, Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, 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.