SG Americas Securities LLC increased its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 913.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 229,481 shares of the specialty retailer's stock after acquiring an additional 206,844 shares during the quarter. SG Americas Securities LLC owned approximately 0.38% of ACM Research worth $9,053,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in ACM Research by 6.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,358 shares of the specialty retailer's stock valued at $724,000 after purchasing an additional 1,067 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ACM Research by 38.8% during the 4th quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 299 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of ACM Research during the 3rd quarter worth about $211,000. Danske Bank A S purchased a new position in ACM Research in the 3rd quarter valued at about $558,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in ACM Research by 679.4% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 45,036 shares of the specialty retailer's stock valued at $1,738,000 after buying an additional 39,258 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Tracy Liu sold 45,000 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the transaction, the director directly owned 110,772 shares in the company, valued at $5,248,377.36. The trade was a 28.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 25.00% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have commented on ACMR shares. Wall Street Zen lowered ACM Research from a "hold" rating to a "sell" rating in a research note on Sunday, March 8th. Zacks Research upgraded ACM Research from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 6th. Finally, Weiss Ratings lowered ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $40.00.
Check Out Our Latest Research Report on ACMR
ACM Research Stock Performance
NASDAQ:ACMR opened at $40.07 on Monday. The company has a market cap of $2.43 billion, a P/E ratio of 29.25 and a beta of 1.49. ACM Research, Inc. has a twelve month low of $16.82 and a twelve month high of $71.65. The company's 50-day moving average price is $54.63 and its 200-day moving average price is $44.16. The company has a current ratio of 3.27, a quick ratio of 2.33 and a debt-to-equity ratio of 0.09.
ACM Research Profile
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Free Report)
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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