ACM Research, Inc. (NASDAQ:ACMR) Shares Acquired by Yong Rong HK Asset Management Ltd

Yong Rong HK Asset Management Ltd increased its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 133.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 350,000 shares of the specialty retailer's stock after purchasing an additional 200,000 shares during the period. ACM Research makes up about 2.6% of Yong Rong HK Asset Management Ltd's holdings, making the stock its 11th biggest position. Yong Rong HK Asset Management Ltd owned 0.63% of ACM Research worth $6,839,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ariose Capital Management Ltd grew its stake in ACM Research by 163.8% in the fourth quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer's stock valued at $38,702,000 after acquiring an additional 1,229,839 shares during the period. Panview Asian Equity Master Fund boosted its position in shares of ACM Research by 264.7% during the fourth quarter. Panview Asian Equity Master Fund now owns 1,057,753 shares of the specialty retailer's stock valued at $20,668,000 after buying an additional 767,753 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of ACM Research by 10.9% during the third quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer's stock valued at $73,920,000 after buying an additional 399,854 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of ACM Research by 1,084.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 286,424 shares of the specialty retailer's stock valued at $5,186,000 after buying an additional 262,235 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of ACM Research during the third quarter valued at approximately $3,254,000. Institutional investors and hedge funds own 66.75% of the company's stock.

Wall Street Analysts Forecast Growth

ACMR has been the topic of a number of recent analyst reports. Roth Mkm lifted their price target on ACM Research from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. The Goldman Sachs Group upgraded ACM Research from a "neutral" rating to a "buy" rating and set a $39.00 price target on the stock in a report on Thursday, February 29th. Needham & Company LLC lifted their price target on ACM Research from $24.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. Finally, Benchmark lifted their price target on ACM Research from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $31.88.

ACM Research Stock Performance

Shares of NASDAQ ACMR traded down $0.60 during trading on Wednesday, reaching $24.92. 1,022,952 shares of the stock traded hands, compared to its average volume of 1,643,543. ACM Research, Inc. has a 52-week low of $8.75 and a 52-week high of $34.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.35 and a quick ratio of 1.26. The company has a 50-day moving average of $28.41 and a 200-day moving average of $21.62. The stock has a market capitalization of $1.42 billion, a P/E ratio of 21.30 and a beta of 1.39.

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

Insider Buying and Selling

In related news, insider Sotheara Cheav sold 5,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total transaction of $145,450.00. Following the sale, the insider now owns 105,002 shares of the company's stock, valued at approximately $3,054,508.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ACM Research news, Director Haiping Dun sold 19,434 shares of the company's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $27.70, for a total value of $538,321.80. Following the transaction, the director now directly owns 855,090 shares in the company, valued at approximately $23,685,993. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sotheara Cheav sold 5,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the transaction, the insider now owns 105,002 shares in the company, valued at $3,054,508.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,434 shares of company stock valued at $4,375,572. Corporate insiders own 33.63% of the company's stock.

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.