Yong Rong HK Asset Management Ltd Takes Position in ACM Research, Inc. $ACMR

Key Points

• Yong Rong HK Asset Management Ltd established a new position of 60,000 shares in ACM Research valued at approximately $2.37 million, representing about 0.7% of its portfolio and ranking ACMR as its 17th largest holding; the firm owned 0.10% of ACMR at quarter-end.
• Company insiders have been net sellers, disposing of 65,000 shares worth roughly $3.11 million in the past three months, though insiders still retain 25% ownership of the company.
• Analyst views are mixed but average to a "Buy" rating with a consensus price target of $40, below the recent share price (~$53.23); ACMR has a market cap of about $3.23 billion and a 12‑month range of $17.32–$71.65.

Yong Rong HK Asset Management Ltd acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 60,000 shares of the specialty retailer's stock, valued at approximately $2,367,000. ACM Research accounts for approximately 0.7% of Yong Rong HK Asset Management Ltd's portfolio, making the stock its 17th largest position. Yong Rong HK Asset Management Ltd owned 0.10% of ACM Research at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ACM Research by 10.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer's stock worth $748,000 after acquiring an additional 3,065 shares during the period. Caxton Associates LLP bought a new position in ACM Research during the 1st quarter worth $250,000. Strs Ohio bought a new position in ACM Research during the 1st quarter worth $133,000. Creative Planning bought a new position in ACM Research during the 2nd quarter worth $212,000. Finally, Norges Bank acquired a new stake in shares of ACM Research in the 2nd quarter valued at $739,000. Institutional investors own 66.75% of the company's stock.

Insider Buying and Selling at ACM Research

In related news, Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00. Following the sale, the director owned 110,772 shares of the company's stock, valued at $5,307,086.52. This trade represents a 11.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at $260,000. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 65,000 shares of company stock worth $3,110,750. 25.00% of the stock is currently owned by company insiders.

ACM Research Trading Down 5.1%

NASDAQ ACMR opened at $53.23 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09. ACM Research, Inc. has a twelve month low of $17.32 and a twelve month high of $71.65. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 38.85 and a beta of 1.69. The business's fifty day moving average is $50.07 and its 200 day moving average is $45.59.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ACMR. Weiss Ratings raised ACM Research from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. Zacks Research raised ACM Research from a "hold" rating to a "strong-buy" rating in a report on Friday, March 6th. Finally, Wall Street Zen downgraded ACM Research from a "hold" rating to a "sell" rating in a report on Sunday, March 8th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $40.00.

ACM Research Profile

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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