Panview Asian Equity Master Fund Has $20.67 Million Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Panview Asian Equity Master Fund boosted its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 264.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,057,753 shares of the specialty retailer's stock after buying an additional 767,753 shares during the quarter. ACM Research makes up about 13.8% of Panview Asian Equity Master Fund's holdings, making the stock its 3rd biggest position. Panview Asian Equity Master Fund owned about 1.90% of ACM Research worth $20,668,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in ACM Research by 36.1% during the 4th quarter. New York State Common Retirement Fund now owns 21,208 shares of the specialty retailer's stock valued at $414,000 after purchasing an additional 5,620 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in shares of ACM Research in the fourth quarter valued at approximately $3,068,000. Calamos Advisors LLC grew its stake in shares of ACM Research by 33.3% in the fourth quarter. Calamos Advisors LLC now owns 80,134 shares of the specialty retailer's stock worth $1,566,000 after acquiring an additional 20,009 shares during the last quarter. Quaero Capital S.A. grew its stake in shares of ACM Research by 84.4% in the fourth quarter. Quaero Capital S.A. now owns 130,514 shares of the specialty retailer's stock worth $2,550,000 after acquiring an additional 59,749 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in ACM Research by 65.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 473,178 shares of the specialty retailer's stock worth $9,246,000 after acquiring an additional 186,754 shares during the period. Institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

Shares of NASDAQ:ACMR traded up $1.64 during midday trading on Tuesday, reaching $27.39. 1,794,356 shares of the company's stock were exchanged, compared to its average volume of 1,668,850. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35. The company's 50 day simple moving average is $27.52 and its two-hundred day simple moving average is $21.32. ACM Research, Inc. has a 12 month low of $8.75 and a 12 month high of $34.40. The firm has a market capitalization of $1.54 billion, a PE ratio of 23.41 and a beta of 1.39.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The firm had revenue of $170.30 million during the quarter, compared to analysts' expectations of $149.54 million. During the same quarter last year, the company earned $0.15 earnings per share. The company's revenue for the quarter was up 57.0% compared to the same quarter last year. Equities research analysts expect that ACM Research, Inc. will post 1.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ACMR. Benchmark increased their price target on shares of ACM Research from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Needham & Company LLC increased their target price on shares of ACM Research from $24.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. Roth Mkm boosted their price target on ACM Research from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Finally, The Goldman Sachs Group upgraded ACM Research from a "neutral" rating to a "buy" rating and set a $39.00 price objective for the company in a research report on Thursday, February 29th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $31.88.

Insider Buying and Selling

In other news, Director Haiping Dun sold 15,000 shares of the business's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.36, for a total value of $455,400.00. Following the sale, the director now owns 874,524 shares in the company, valued at approximately $26,550,548.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Lisa Feng sold 7,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $189,000.00. Following the sale, the insider now directly owns 50,001 shares in the company, valued at approximately $1,260,025.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Haiping Dun sold 15,000 shares of the firm's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.36, for a total value of $455,400.00. Following the sale, the director now directly owns 874,524 shares of the company's stock, valued at $26,550,548.64. The disclosure for this sale can be found here. Insiders sold 149,434 shares of company stock worth $4,375,572 in the last 90 days. 33.63% of the stock is owned by company insiders.

About ACM Research

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.