Squarepoint Ops LLC Grows Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

Squarepoint Ops LLC lifted its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,002 shares of the specialty retailer's stock after acquiring an additional 31,511 shares during the period. Squarepoint Ops LLC owned 0.22% of ACM Research worth $1,888,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position 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 valued at $30,000 after buying an additional 1,685 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in ACM Research during the 4th quarter valued at about $33,000. Picton Mahoney Asset Management increased its position in ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after buying an additional 1,236 shares in the last quarter. Federated Hermes Inc. increased its position in ACM Research by 42.0% during the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock valued at $125,000 after buying an additional 2,447 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in shares of ACM Research in the fourth quarter valued at about $162,000. 66.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ACMR shares. Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. started coverage on ACM Research in a report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, ACM Research currently has an average rating of "Moderate Buy" and a consensus target price of $29.40.

ACM Research Stock Performance

Shares of ACMR traded up $0.60 during mid-day trading on Tuesday, reaching $23.35. The company had a trading volume of 719,385 shares, compared to its average volume of 1,481,630. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64. 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 stock has a market capitalization of $1.37 billion, a P/E ratio of 17.69 and a beta of 1.57. The stock has a 50 day moving average of $21.38 and a two-hundred day moving average of $20.72.

Insiders Place Their Bets

In other ACM Research news, Director Chenming Hu sold 163,308 shares of the 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 transaction, the director now owns 100,002 shares in the company, valued at approximately $3,000,060. This represents a 62.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David H. Wang sold 56,250 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $26.57, for a total value of $1,494,562.50. Following the transaction, the insider now owns 747,708 shares in the company, valued at $19,866,601.56. This represents a 7.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 396,576 shares of company stock worth $10,703,375. 25.00% of the stock is 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.