ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC trimmed its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,226 shares of the specialty retailer's stock after selling 14,225 shares during the period. ACM Research comprises about 1.2% of Matthews International Capital Management LLC's investment portfolio, making the stock its 19th largest position. Matthews International Capital Management LLC owned about 0.43% of ACM Research worth $5,794,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Man Group plc acquired a new position in ACM Research in the fourth quarter valued at $370,000. Intech Investment Management LLC grew its holdings in ACM Research by 70.0% in the fourth quarter. Intech Investment Management LLC now owns 21,273 shares of the specialty retailer's stock valued at $321,000 after purchasing an additional 8,760 shares during the period. Aristides Capital LLC purchased a new stake in ACM Research in the fourth quarter valued at approximately $204,000. Pertento Partners LLP grew its holdings in ACM Research by 22.3% in the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer's stock valued at $17,894,000 after purchasing an additional 215,744 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in ACM Research in the fourth quarter valued at approximately $1,294,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ACMR shares. JPMorgan Chase & Co. started coverage on shares of ACM Research in a report on Friday, February 28th. They issued an "overweight" rating and a $36.00 target price for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, ACM Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

Insider Transactions at ACM Research

In related news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the sale, the insider now owns 672,708 shares of the company's stock, valued at $15,875,908.80. The trade was a 9.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 25.00% of the company's stock.

ACM Research Stock Down 3.1%

Shares of NASDAQ:ACMR traded down $0.77 during mid-day trading on Friday, hitting $24.42. 765,550 shares of the company traded hands, compared to its average volume of 1,462,146. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64. The firm's 50 day simple moving average is $22.41 and its 200 day simple moving average is $21.37. The firm has a market cap of $1.44 billion, a P/E ratio of 15.65 and a beta of 1.48.

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.