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

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

Several other institutional investors also recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in shares of ACM Research by 0.8% in the fourth quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock valued at $1,113,000 after buying an additional 589 shares during the period. Beacon Financial Advisory LLC increased its holdings in ACM Research by 7.1% in the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer's stock worth $219,000 after acquiring an additional 960 shares during the last quarter. Arizona State Retirement System increased its holdings in ACM Research by 7.3% in the 4th quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer's stock worth $226,000 after acquiring an additional 1,017 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ACM Research by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after acquiring an additional 1,061 shares during the period. Finally, Picton Mahoney Asset Management lifted its holdings in ACM Research by 66.2% during the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 1,236 shares during the last quarter. Institutional investors own 66.75% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other ACM Research 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 value of $4,899,240.00. Following the transaction, the director now directly owns 100,002 shares in the company, valued at $3,000,060. This represents a 62.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Wang sold 56,250 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $26.57, for a total value of $1,494,562.50. Following the transaction, the insider now directly owns 747,708 shares of the company's stock, valued at $19,866,601.56. The trade was a 7.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 266,576 shares of company stock worth $7,693,575 in the last three months. 25.00% of the stock is currently owned by corporate insiders.

ACM Research Price Performance

ACMR stock traded down $0.02 during mid-day trading on Friday, reaching $22.52. 226,669 shares of the company traded hands, compared to its average volume of 1,485,305. The company has a fifty day moving average price of $22.23 and a 200-day moving average price of $20.49. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64. The company has a market capitalization of $1.33 billion, a P/E ratio of 17.04 and a beta of 1.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

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.