Deutsche Bank AG Has $4.27 Million Position in ACM Research, Inc. (NASDAQ:ACMR)

Deutsche Bank AG lifted its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,915 shares of the specialty retailer's stock after purchasing an additional 52,716 shares during the quarter. Deutsche Bank AG owned 0.49% of ACM Research worth $4,272,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ACMR. Kerrisdale Advisers LLC raised its position in shares of ACM Research by 550.8% during the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock worth $29,415,000 after purchasing an additional 1,648,685 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of ACM Research by 2,258.3% during 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 purchasing an additional 1,406,968 shares during the period. Panview Capital Ltd acquired a new stake in shares of ACM Research during the fourth quarter worth about $20,758,000. SG Americas Securities LLC acquired a new stake in shares of ACM Research during the fourth quarter worth about $5,782,000. Finally, Trexquant Investment LP raised its position in shares of ACM Research by 110.4% during the fourth quarter. Trexquant Investment LP now owns 572,870 shares of the specialty retailer's stock worth $8,650,000 after purchasing an additional 300,622 shares during the period. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Down 1.6%

Shares of ACM Research stock opened at $23.35 on Tuesday. The business's 50 day simple moving average is $22.56 and its 200 day simple moving average is $20.42. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64. The firm has a market cap of $1.37 billion, a PE ratio of 17.69 and a beta of 1.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ACMR shares. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. began coverage on ACM Research in a research report on Friday, February 28th. They issued an "overweight" rating and a $36.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.40.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 37,500 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $27.30, for a total value of $1,023,750.00. Following the completion of the transaction, the insider now directly owns 672,708 shares in the company, valued at $18,364,928.40. This trade represents a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Chenming Hu sold 163,308 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $30.00, for a total value of $4,899,240.00. Following the completion of the transaction, the director now owns 100,002 shares of the company's stock, valued at approximately $3,000,060. This represents a 62.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 266,576 shares of company stock worth $7,693,575 over the last ninety days. 25.00% of the stock is currently 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.

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