Raymond James Financial Inc. Takes $1.29 Million Position in ACM Research, Inc. (NASDAQ:ACMR)

Raymond James Financial Inc. purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 85,722 shares of the specialty retailer's stock, valued at approximately $1,294,000. Raymond James Financial Inc. owned 0.15% of ACM Research as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in shares of ACM Research by 35.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer's stock worth $1,067,000 after purchasing an additional 18,617 shares during the period. SG Americas Securities LLC acquired a new position in ACM Research in the fourth quarter valued at $5,782,000. Barclays PLC lifted its holdings in shares of ACM Research by 63.3% during the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer's stock valued at $2,793,000 after acquiring an additional 53,319 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of ACM Research by 70.0% in the fourth quarter. Intech Investment Management LLC now owns 21,273 shares of the specialty retailer's stock worth $321,000 after buying an additional 8,760 shares during the last quarter. Finally, Aristides Capital LLC bought a new position in ACM Research in the fourth quarter worth about $204,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

Shares of ACMR traded down $0.29 during midday trading on Friday, reaching $22.14. The stock had a trading volume of 720,876 shares, compared to its average volume of 1,487,527. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month 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. The company's 50-day moving average is $22.92 and its 200 day moving average is $20.18. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 16.77 and a beta of 1.57.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ACMR. 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 target for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. Finally, Craig Hallum upgraded ACM Research from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Insider Transactions at ACM Research

In other news, Director Haiping Dun sold 9,518 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $29.00, for a total transaction of $276,022.00. Following the sale, the director now directly owns 755,090 shares in the company, valued at $21,897,610. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction on Monday, March 17th. The stock was sold at an average price of $30.00, for a total value of $4,899,240.00. Following the transaction, the director now owns 100,002 shares in the company, valued at approximately $3,000,060. This represents a 62.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 266,576 shares of company stock valued at $7,693,575 in the last ninety days. 31.24% of the stock is currently owned by corporate 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.