GAMMA Investing LLC Acquires 18,659 Shares of ACM Research, Inc. (NASDAQ:ACMR)

GAMMA Investing LLC raised its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 4,309.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,092 shares of the specialty retailer's stock after acquiring an additional 18,659 shares during the quarter. GAMMA Investing LLC's holdings in ACM Research were worth $446,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of 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 buying an additional 1,685 shares during the last quarter. Picton Mahoney Asset Management increased its position in ACM Research by 66.2% during the fourth 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 during the period. Federated Hermes Inc. increased its position in ACM Research by 42.0% during the fourth 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 during the period. Ieq Capital LLC bought a new position in ACM Research during the fourth quarter worth about $162,000. Finally, Brevan Howard Capital Management LP bought a new position in ACM Research during the fourth quarter worth about $165,000. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Up 1.1%

Shares of ACM Research stock traded up $0.26 during trading on Monday, reaching $24.68. 761,694 shares of the company traded hands, compared to its average volume of 1,459,348. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.49. The company has a 50 day moving average price of $22.50 and a 200-day moving average price of $21.49. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $30.64. The firm has a market capitalization of $1.45 billion, a PE ratio of 15.82 and a beta of 1.48.

Analysts Set New Price Targets

A number of equities analysts recently commented on ACMR shares. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. 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 on the stock. Finally, Needham & Company LLC reaffirmed 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

Insiders Place Their Bets

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 sale, the insider now owns 672,708 shares in the company, valued at $15,223,382.04. This represents a 8.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 25.00% of the company's stock.

About ACM Research

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.