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

Northern Trust Corp grew its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 534,243 shares of the specialty retailer's stock after buying an additional 47,953 shares during the period. Northern Trust Corp owned approximately 0.93% of ACM Research worth $8,067,000 as of its most recent SEC filing.

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

Insider Activity at ACM Research

In other ACM Research news, Director Chenming Hu sold 163,308 shares of ACM Research 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 directly owns 100,002 shares of the company's stock, valued at approximately $3,000,060. This trade represents a 62.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David H. Wang sold 60,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $22.63, for a total transaction of $1,357,800.00. Following the completion of the sale, the insider now owns 672,708 shares in the company, valued at $15,223,382.04. This represents a 8.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 396,576 shares of company stock valued at $10,703,375 over the last quarter. 25.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ACMR shares. Needham & Company LLC reaffirmed 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 report on Friday, February 28th. They set an "overweight" rating and a $36.00 price objective on the stock. Finally, Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, ACM Research currently has a consensus rating of "Moderate Buy" and an average price target of $29.40.

ACM Research Stock Performance

ACM Research stock traded down $0.13 on Friday, hitting $22.41. The company's stock had a trading volume of 634,138 shares, compared to its average volume of 1,491,668. ACM Research, Inc. has a one year low of $13.87 and a one year high of $30.64. The firm has a market cap of $1.32 billion, a P/E ratio of 16.98 and a beta of 1.57. 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 company has a fifty day moving average price of $22.08 and a 200-day moving average price of $20.53.

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.