Wells Fargo & Company MN Cuts Stake in ACM Research, Inc. (NASDAQ:ACMR)

Wells Fargo & Company MN decreased its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,891 shares of the specialty retailer's stock after selling 13,426 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of ACM Research worth $512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of ACM Research by 2,258.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock worth $22,171,000 after buying an additional 1,406,968 shares in the last quarter. Panview Capital Ltd purchased a new stake in shares of ACM Research in the fourth quarter valued at about $20,758,000. SG Americas Securities LLC purchased a new position in ACM Research during the fourth quarter worth about $5,782,000. Trexquant Investment LP increased its holdings in shares of ACM Research by 110.4% during the 4th quarter. Trexquant Investment LP now owns 572,870 shares of the specialty retailer's stock worth $8,650,000 after buying an additional 300,622 shares during the last quarter. Finally, Norges Bank acquired a new position in ACM Research in the fourth quarter valued at approximately $4,379,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insider Buying and Selling

In other ACM Research news, Director Haiping Dun sold 9,518 shares of ACM Research stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the transaction, the director now directly owns 755,090 shares in the company, valued at approximately $21,897,610. The trade was a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director now owns 100,002 shares in the company, 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 266,576 shares of company stock worth $7,693,575 over the last 90 days. 31.24% of the stock is owned by insiders.

Analyst Ratings Changes

ACMR has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on ACM Research in a research note on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Finally, Craig Hallum raised shares of 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 stock. According to MarketBeat, ACM Research presently has an average rating of "Moderate Buy" and a consensus price target of $29.40.

ACM Research Stock Down 1.4 %

Shares of ACM Research stock traded down $0.32 during trading on Friday, hitting $22.11. 671,314 shares of the stock were exchanged, compared to its average volume of 1,487,293. The firm's 50-day moving average price is $22.92 and its 200 day moving average price is $20.18. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 16.75 and a beta of 1.57. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $30.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

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.