ACM Research, Inc. (NASDAQ:ACMR) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 1,418.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,174,720 shares of the specialty retailer's stock after buying an additional 1,097,358 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 2.04% of ACM Research worth $17,738,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Squarepoint Ops LLC increased its holdings in ACM Research by 33.7% during the fourth quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer's stock valued at $1,888,000 after buying an additional 31,511 shares during the period. Triata Capital Ltd purchased a new position in ACM Research in the fourth quarter worth $15,507,000. Sherbrooke Park Advisers LLC grew its holdings in ACM Research by 10.7% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 14,122 shares of the specialty retailer's stock worth $213,000 after purchasing an additional 1,362 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in ACM Research in the fourth quarter worth $10,549,000. Finally, ProShare Advisors LLC grew its holdings in ACM Research by 45.8% in the fourth quarter. ProShare Advisors LLC now owns 21,516 shares of the specialty retailer's stock worth $325,000 after purchasing an additional 6,762 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACMR. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. began coverage on shares of ACM Research in a report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target on the stock. One 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.40.

ACM Research Stock Performance

Shares of NASDAQ:ACMR traded down $0.61 on Friday, hitting $22.38. 828,090 shares of the company were exchanged, compared to its average volume of 1,486,546. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $30.64. The stock's 50 day moving average price is $21.56 and its 200 day moving average price is $20.64. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.32 billion, a P/E ratio of 16.95 and a beta of 1.57.

Insider Transactions at ACM Research

In related news, insider David H. Wang sold 56,250 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the completion of the transaction, the insider now directly owns 747,708 shares in the company, valued at $19,866,601.56. The trade was a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Chenming Hu sold 163,308 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the transaction, the director now owns 100,002 shares of the company's stock, valued at $3,000,060. This represents a 62.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 396,576 shares of company stock worth $10,703,375. Company insiders own 25.00% of the company's stock.

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.