Janus Henderson Group PLC Has $2.30 Million Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Janus Henderson Group PLC increased its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 29.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,005 shares of the specialty retailer's stock after purchasing an additional 34,880 shares during the quarter. Janus Henderson Group PLC owned approximately 0.26% of ACM Research worth $2,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kerrisdale Advisers LLC boosted its position in shares of ACM Research by 550.8% in the fourth 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 raised its position in 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 valued at $22,171,000 after buying an additional 1,406,968 shares during the period. Panview Capital Ltd acquired a new position in ACM Research during the fourth quarter valued at $20,758,000. SG Americas Securities LLC purchased a new stake in ACM Research in the 4th quarter worth about $5,782,000. Finally, Trexquant Investment LP grew 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 valued at $8,650,000 after acquiring an additional 300,622 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Down 0.6%

ACMR stock traded down $0.13 during trading hours on Monday, hitting $22.41. The company's stock had a trading volume of 634,138 shares, compared to its average volume of 1,491,668. The stock has a 50 day moving average price of $21.94 and a two-hundred day moving average price of $20.55. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $30.64. The company has a market capitalization of $1.32 billion, a PE ratio of 16.98 and a beta of 1.57. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

Insiders Place Their Bets

In other news, Director Chenming Hu sold 163,308 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the completion of the sale, the director now owns 100,002 shares in the company, valued at approximately $3,000,060. This represents a 62.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David H. Wang sold 60,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 672,708 shares in the company, valued at approximately $15,223,382.04. This represents a 8.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 396,576 shares of company stock valued at $10,703,375 over the last three months. 25.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. initiated coverage on ACM Research in a report on Friday, February 28th. They issued an "overweight" rating and a $36.00 target price on the stock. Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, ACM Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

ACM Research 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.