Man Group plc Takes Position in ACM Research, Inc. (NASDAQ:ACMR)

Man Group plc purchased a new position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,505 shares of the specialty retailer's stock, valued at approximately $370,000.

Several other institutional investors have also added to or reduced their stakes in ACMR. Kerrisdale Advisers LLC raised its position in 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 acquiring an additional 1,648,685 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in ACM Research by 2,258.3% in 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 acquiring an additional 1,406,968 shares during the period. Panview Capital Ltd bought a new position in ACM Research in the fourth quarter worth approximately $20,758,000. Trexquant Investment LP raised its position in ACM Research by 110.4% in the fourth quarter. Trexquant Investment LP now owns 572,870 shares of the specialty retailer's stock worth $8,650,000 after acquiring an additional 300,622 shares during the period. Finally, Norges Bank bought a new position in ACM Research in the fourth quarter worth approximately $4,379,000. 66.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 60,000 shares of ACM Research 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 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 filing with the SEC, which is available at this link. Also, Director Chenming Hu sold 163,308 shares of ACM Research 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 transaction, the director now directly 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. In the last ninety days, insiders have sold 396,576 shares of company stock worth $10,703,375. Insiders own 25.00% of the company's stock.

ACM Research Price Performance

Shares of ACMR stock traded up $0.28 on Thursday, hitting $22.99. 795,359 shares of the stock traded hands, compared to its average volume of 1,484,486. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 17.42 and a beta of 1.57. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $30.64. The firm has a 50 day simple moving average of $21.78 and a two-hundred day simple moving average of $20.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

Analyst Upgrades and Downgrades

ACMR has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target on the stock. Needham & Company LLC restated a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Finally, Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

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.