Triata Capital Ltd Acquires Shares of 1,026,967 ACM Research, Inc. (NASDAQ:ACMR)

Triata Capital Ltd purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,026,967 shares of the specialty retailer's stock, valued at approximately $15,507,000. ACM Research accounts for 6.4% of Triata Capital Ltd's investment portfolio, making the stock its 6th biggest position. Triata Capital Ltd owned 1.78% of ACM Research at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 1,685 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ACM Research in the 4th quarter valued at about $33,000. Picton Mahoney Asset Management grew its holdings in shares of ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after acquiring an additional 1,236 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of ACM Research by 42.0% in the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock valued at $125,000 after acquiring an additional 2,447 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in shares of ACM Research in the 4th quarter valued at about $162,000. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Performance

Shares of NASDAQ:ACMR traded down $1.25 during trading on Wednesday, reaching $23.03. 1,254,082 shares of the stock were exchanged, compared to its average volume of 1,491,356. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $30.64. The firm has a market cap of $1.36 billion, a PE ratio of 17.45 and a beta of 1.57. The stock has a 50-day moving average price of $22.38 and a 200-day moving average price of $20.46. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

Insider Transactions at ACM Research

In other news, Director Haiping Dun sold 9,518 shares of ACM Research stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the completion of the sale, the director now directly owns 755,090 shares in the company, valued at approximately $21,897,610. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David H. Wang sold 37,500 shares of ACM Research stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the completion of the sale, the insider now owns 672,708 shares of the company's stock, valued at approximately $18,364,928.40. The trade was a 5.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 266,576 shares of company stock worth $7,693,575 over the last quarter. Company insiders own 25.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.