GAMMA Investing LLC increased its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 4,309.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,092 shares of the specialty retailer's stock after buying an additional 18,659 shares during the period. GAMMA Investing LLC's holdings in ACM Research were worth $446,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in ACMR. Tower Research Capital LLC TRC grew its holdings in ACM Research by 506.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 1,685 shares in the last quarter. Picton Mahoney Asset Management grew its holdings in ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock worth $47,000 after acquiring an additional 1,236 shares in the last quarter. Federated Hermes Inc. grew its holdings in ACM Research by 42.0% during the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock worth $125,000 after acquiring an additional 2,447 shares in the last quarter. Ieq Capital LLC bought a new position in ACM Research during the 4th quarter worth about $162,000. Finally, Brevan Howard Capital Management LP bought a new position in ACM Research during the 4th quarter worth about $165,000. Hedge funds and other institutional investors own 66.75% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target on the stock. Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC restated a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.
Read Our Latest Stock Report on ACMR
ACM Research Stock Down 3.1%
Shares of NASDAQ:ACMR traded down $0.77 during trading on Friday, reaching $24.42. The stock had a trading volume of 765,550 shares, compared to its average volume of 1,462,146. ACM Research, Inc. has a one year low of $13.87 and a one year high of $30.64. The company has a market capitalization of $1.44 billion, a P/E ratio of 15.65 and a beta of 1.48. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12. The firm's 50-day simple moving average is $22.41 and its 200 day simple moving average is $21.42.
Insider Activity at ACM Research
In related news, insider David H. Wang sold 60,000 shares of the 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 25.00% of the stock is currently owned by insiders.
ACM Research Company 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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