Deutsche Bank AG increased its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 282,915 shares of the specialty retailer's stock after buying an additional 52,716 shares during the period. Deutsche Bank AG owned about 0.49% of ACM Research worth $4,272,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in ACMR. Kerrisdale Advisers LLC increased its stake in ACM Research by 550.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock worth $29,415,000 after buying an additional 1,648,685 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in ACM Research by 2,258.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock worth $22,171,000 after buying an additional 1,406,968 shares during the period. Panview Capital Ltd purchased a new stake in ACM Research during the 4th quarter worth approximately $20,758,000. SG Americas Securities LLC purchased a new stake in ACM Research during the 4th quarter worth approximately $5,782,000. Finally, Trexquant Investment LP increased its stake in ACM Research by 110.4% during the 4th quarter. Trexquant Investment LP now owns 572,870 shares of the specialty retailer's stock worth $8,650,000 after buying an additional 300,622 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently weighed in on ACMR shares. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research report on Friday, February 28th. They issued 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.
View Our Latest Analysis on ACMR
ACM Research Stock Down 0.6%
Shares of NASDAQ:ACMR traded down $0.13 during trading hours on Friday, reaching $22.41. The stock had a trading volume of 634,138 shares, compared to its average volume of 1,491,668. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The firm's 50 day moving average is $22.08 and its 200-day moving average is $20.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 16.98 and a beta of 1.57.
Insider Buying and Selling at ACM Research
In other news, insider David H. Wang sold 60,000 shares of the company's stock in a transaction 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 owns 672,708 shares in the company, valued at approximately $15,223,382.04. This represents a 8.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Haiping Dun sold 9,518 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total transaction of $276,022.00. Following the completion of the transaction, the director now owns 755,090 shares of the company's stock, valued at approximately $21,897,610. The trade was a 1.24% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 396,576 shares of company stock valued at $10,703,375. Insiders own 25.00% of the company's stock.
ACM Research Profile
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Free Report)
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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