ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 96.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,433 shares of the specialty retailer's stock after selling 369,472 shares during the period. SG Americas Securities LLC's holdings in ACM Research were worth $314,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of ACM Research by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer's stock valued at $63,441,000 after purchasing an additional 67,255 shares in the last quarter. Kerrisdale Advisers LLC boosted its position 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 during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake 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 in the last quarter. Pertento Partners LLP increased its position in shares of ACM Research by 22.3% during the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer's stock worth $17,894,000 after acquiring an additional 215,744 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of ACM Research by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer's stock worth $17,896,000 after acquiring an additional 4,131 shares during the period. Institutional investors and hedge funds own 66.75% of the company's stock.

Insider Buying and Selling

In other news, insider Lisa Feng sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $26.00, for a total transaction of $390,000.00. Following the sale, the insider now owns 50,001 shares of the company's stock, valued at approximately $1,300,026. This trade represents a 23.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David H. Wang sold 60,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $22.63, for a total value of $1,357,800.00. Following the completion of the transaction, the insider now directly owns 672,708 shares of the company's stock, valued at $15,223,382.04. This trade represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,000 shares of company stock worth $3,399,800. Corporate insiders own 25.00% of the company's stock.

ACM Research Price Performance

Shares of ACMR opened at $26.51 on Friday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.99 and a beta of 1.48. The firm's fifty day simple moving average is $22.89 and its 200-day simple moving average is $21.62. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $30.64. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. JPMorgan Chase & Co. initiated coverage on ACM Research in a research note on Friday, February 28th. They issued an "overweight" rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, ACM Research presently has an average rating of "Moderate Buy" and a consensus price target of $29.40.

About ACM Research

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.

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