JPMorgan Chase & Co. Trims Position in ACM Research, Inc. $ACMR

Key Points

• JPMorgan Chase cut its position in ACM Research by 79.2% in Q3, selling 109,451 shares and retaining 28,688 shares valued at about $1.12 million.
• Director Tracy Liu sold 45,000 shares at an average price of $47.38 on March 10, reducing her stake by 28.89%, and corporate insiders collectively own about 25% of the company.
• Analysts are mixed but MarketBeat shows a consensus rating of Buy with a $40.00 price target, while shares recently traded near $46.97 and have a 52-week range of $17.32–$71.65.

JPMorgan Chase & Co. reduced its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 79.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,688 shares of the specialty retailer's stock after selling 109,451 shares during the quarter. JPMorgan Chase & Co.'s holdings in ACM Research were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ACMR. CIBC Bancorp USA Inc. purchased a new stake in shares of ACM Research during the third quarter worth about $211,000. Danske Bank A S bought a new stake in shares of ACM Research in the third quarter worth $558,000. CANADA LIFE ASSURANCE Co increased its stake in shares of ACM Research by 679.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 45,036 shares of the specialty retailer's stock worth $1,738,000 after buying an additional 39,258 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of ACM Research in the third quarter worth $264,000. Finally, Dark Forest Capital Management LP increased its stake in shares of ACM Research by 60.6% in the third quarter. Dark Forest Capital Management LP now owns 24,096 shares of the specialty retailer's stock worth $943,000 after buying an additional 9,094 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Stock Performance

Shares of ACMR opened at $46.97 on Friday. The firm has a 50-day moving average price of $52.64 and a 200 day moving average price of $44.58. The firm has a market capitalization of $2.85 billion, a PE ratio of 34.28 and a beta of 1.69. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09. ACM Research, Inc. has a 52-week low of $17.32 and a 52-week high of $71.65.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings lowered shares of ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 9th. Zacks Research upgraded shares of ACM Research from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 6th. Finally, Wall Street Zen lowered ACM Research from a "hold" rating to a "sell" rating in a report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $40.00.

Insider Transactions at ACM Research

In related news, Director Tracy Liu sold 45,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total value of $2,132,100.00. Following the completion of the transaction, the director owned 110,772 shares in the company, valued at $5,248,377.36. This represents a 28.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 25.00% of the stock is owned by corporate insiders.

ACM Research Profile

ACM Research, Inc NASDAQ: ACMR designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.

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