Guggenheim Capital LLC Takes $332,000 Position in ACM Research, Inc. (NASDAQ:ACMR)

Guggenheim Capital LLC purchased a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,981 shares of the specialty retailer's stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in ACM Research in the fourth quarter valued at about $33,000. Picton Mahoney Asset Management boosted its stake in ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock worth $47,000 after acquiring an additional 1,236 shares during the last quarter. Federated Hermes Inc. grew its holdings in ACM Research by 42.0% during the fourth quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 2,447 shares during the period. Ieq Capital LLC bought a new stake in ACM Research in the fourth quarter valued at approximately $162,000. Finally, Aristides Capital LLC acquired a new stake in ACM Research in the fourth quarter worth $204,000. Institutional investors and hedge funds own 66.75% of the company's stock.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Chenming Hu sold 163,308 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 100,002 shares of the company's stock, valued at $3,000,060. The trade was a 62.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Sotheara Cheav sold 22,598 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the transaction, the insider now owns 100,002 shares of the company's stock, valued at $2,300,046. The trade was a 18.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 289,174 shares of company stock worth $8,213,329. Corporate insiders own 31.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research 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 raised ACM Research from a "hold" rating to a "buy" rating in a research note 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.40.

ACM Research Stock Down 4.0 %

Shares of ACMR stock traded down $0.77 on Thursday, hitting $18.70. 1,171,126 shares of the stock were exchanged, compared to its average volume of 1,481,342. 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 $1.09 billion, a P/E ratio of 14.19 and a beta of 1.65. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.64. The business has a 50-day moving average of $23.52 and a 200 day moving average of $20.16.

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.