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

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

Several other institutional investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in ACM Research in the fourth quarter valued at approximately $33,000. Picton Mahoney Asset Management raised 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 in the last quarter. Federated Hermes Inc. lifted its position in ACM Research by 42.0% in the fourth quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock valued at $125,000 after acquiring an additional 2,447 shares during the last quarter. Ieq Capital LLC acquired a new position in ACM Research in the fourth quarter valued at $162,000. Finally, Aristides Capital LLC purchased a new position in shares of ACM Research during the fourth quarter worth about $204,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related 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 value of $4,899,240.00. Following the sale, the director now directly owns 100,002 shares in the company, valued at $3,000,060. The trade was a 62.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $519,754.00. Following the transaction, the insider now owns 100,002 shares of the company's stock, valued at $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 289,174 shares of company stock worth $8,213,329 in the last quarter. Company insiders own 31.24% of the company's stock.

ACM Research Price Performance

ACM Research stock traded up $1.00 during midday trading on Friday, reaching $19.59. The company's stock had a trading volume of 405,064 shares, compared to its average volume of 1,481,120. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The stock's 50 day simple moving average is $23.42 and its 200 day simple moving average is $20.14. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.64. The firm has a market capitalization of $1.14 billion, a PE ratio of 14.83 and a beta of 1.65.

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.