Voloridge Investment Management LLC Has $1.34 Million Position in ACM Research, Inc. (NASDAQ:ACMR)

Voloridge Investment Management LLC lowered its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 88.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,467 shares of the specialty retailer's stock after selling 651,974 shares during the quarter. Voloridge Investment Management LLC owned about 0.15% of ACM Research worth $1,336,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Barclays PLC increased its holdings in ACM Research by 63.3% in the third quarter. Barclays PLC now owns 137,584 shares of the specialty retailer's stock valued at $2,793,000 after purchasing an additional 53,319 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of ACM Research by 35.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer's stock worth $1,067,000 after buying an additional 18,617 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ACM Research in the 4th quarter valued at about $33,000. Beacon Financial Advisory LLC increased its stake in shares of ACM Research by 7.1% in the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer's stock valued at $219,000 after acquiring an additional 960 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of ACM Research by 0.8% in the 4th quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock valued at $1,113,000 after acquiring an additional 589 shares during the period. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Up 0.9%

ACMR traded up $0.20 during trading on Monday, reaching $22.75. The company had a trading volume of 635,242 shares, compared to its average volume of 1,484,546. The company has a market cap of $1.34 billion, a P/E ratio of 17.23 and a beta of 1.57. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $30.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The business's fifty day moving average price is $21.46 and its 200 day moving average price is $20.70.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 60,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $22.63, for a total value of $1,357,800.00. Following the sale, the insider now owns 672,708 shares in the company, valued at approximately $15,223,382.04. The trade was a 8.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Haiping Dun sold 9,518 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $29.00, for a total value of $276,022.00. Following the transaction, the director now directly owns 755,090 shares of the company's stock, valued at approximately $21,897,610. This trade represents a 1.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 396,576 shares of company stock worth $10,703,375 over the last ninety days. Company insiders own 25.00% of the company's stock.

Analysts Set New Price Targets

ACMR has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a report on Friday, February 28th. They set an "overweight" rating and a $36.00 price objective for the company. Needham & Company LLC reissued 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 report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock 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.