JPMorgan Chase & Co. Has $354,000 Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

JPMorgan Chase & Co. reduced its stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 82.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,474 shares of the specialty retailer's stock after selling 110,697 shares during the quarter. JPMorgan Chase & Co.'s holdings in ACM Research were worth $354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its holdings in ACM Research by 0.8% in the 4th quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock worth $1,113,000 after buying an additional 589 shares during the last quarter. Beacon Financial Advisory LLC raised 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 period. Arizona State Retirement System raised its holdings in shares of ACM Research by 7.3% in the 4th quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer's stock valued at $226,000 after buying an additional 1,017 shares during the period. Picton Mahoney Asset Management grew its holdings in shares of ACM Research by 66.2% in the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 1,236 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in ACM Research by 9.5% in the fourth quarter. AlphaQuest LLC now owns 21,331 shares of the specialty retailer's stock valued at $322,000 after purchasing an additional 1,850 shares during the period. Institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

ACMR stock traded down $0.12 during trading on Wednesday, hitting $19.46. The company had a trading volume of 606,092 shares, compared to its average volume of 1,483,830. The business has a 50 day moving average of $23.07 and a 200 day moving average of $20.16. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.70 and a beta of 1.57. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.64. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. started coverage on ACM Research in a research report on Friday, February 28th. They set an "overweight" rating and a $36.00 target price on the stock. Finally, Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, ACM Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

Insiders Place Their Bets

In other ACM Research news, Director Haiping Dun sold 9,518 shares of the stock in a transaction dated 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 owns 755,090 shares of the company's stock, valued at approximately $21,897,610. This represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Chenming Hu sold 163,308 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 100,002 shares of the company's stock, valued at $3,000,060. This trade represents a 62.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock worth $8,213,329 in the last quarter. 31.24% of the stock is currently owned by corporate insiders.

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.