Cederberg Capital Ltd Makes New Investment in ACM Research, Inc. $ACMR

Key Points

• Cederberg Capital Ltd bought 496,500 shares of ACM Research during Q3, valued at about $19.43 million, representing roughly 5.5% of Cederberg's portfolio and approximately 0.83% of ACMR, making it the firm's 7th-largest holding.
• Director Tracy Liu sold 45,000 shares on March 10 at an average price of $47.38 for about $2.13 million, reducing her stake by 28.9% to 110,772 shares.
• Analyst coverage is mixed—recent downgrades from Wall Street Zen and Weiss were offset by a Zacks upgrade to "strong-buy", leaving MarketBeat's consensus rating at a Buy with a $40.00 target price.

Cederberg Capital Ltd purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 496,500 shares of the specialty retailer's stock, valued at approximately $19,428,000. ACM Research accounts for about 5.5% of Cederberg Capital Ltd's investment portfolio, making the stock its 7th biggest holding. Cederberg Capital Ltd owned approximately 0.83% of ACM Research as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ACM Research by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer's stock worth $700,000 after buying an additional 343 shares during the period. SBI Securities Co. Ltd. raised its holdings in ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 367 shares during the period. Arizona State Retirement System raised its holdings in ACM Research by 2.5% in the 3rd quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer's stock worth $612,000 after acquiring an additional 386 shares during the period. Tower Research Capital LLC TRC lifted its position in ACM Research by 7.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer's stock worth $157,000 after acquiring an additional 416 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in ACM Research by 8.1% during the 3rd quarter. Blue Trust Inc. now owns 5,997 shares of the specialty retailer's stock worth $235,000 after acquiring an additional 449 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ACM Research

In related news, Director Tracy Liu sold 45,000 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the transaction, the director directly owned 110,772 shares in the company, valued at $5,248,377.36. The trade was a 28.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 25.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ACMR. Wall Street Zen downgraded ACM Research from a "hold" rating to a "sell" rating in a research report on Sunday, March 8th. Weiss Ratings downgraded ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday. Finally, Zacks Research raised ACM Research from a "hold" rating to a "strong-buy" rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, ACM Research presently has an average rating of "Buy" and a consensus target price of $40.00.

ACM Research Stock Performance

NASDAQ:ACMR opened at $46.38 on Friday. The firm's 50-day moving average is $55.72 and its 200-day moving average is $42.77. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 33.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. ACM Research, Inc. has a 52-week low of $16.82 and a 52-week high of $71.65.

ACM Research Company Profile

ACM Research, Inc NASDAQ: ACMR designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.

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