Panview Capital Ltd Acquires Shares of 1,374,699 ACM Research, Inc. (NASDAQ:ACMR)

Panview Capital Ltd purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,374,699 shares of the specialty retailer's stock, valued at approximately $20,758,000. ACM Research makes up 4.4% of Panview Capital Ltd's holdings, making the stock its 8th biggest position. Panview Capital Ltd owned 2.39% of ACM Research at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its position in shares of ACM Research by 128.4% during the 3rd quarter. CWM LLC now owns 4,408 shares of the specialty retailer's stock worth $89,000 after purchasing an additional 2,478 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in ACM Research during the third quarter worth $1,056,000. Catalyst Capital Advisors LLC acquired a new position in shares of ACM Research in the third quarter worth $203,000. Beacon Financial Advisory LLC purchased a new stake in shares of ACM Research in the third quarter valued at $275,000. Finally, GSA Capital Partners LLP boosted its stake in shares of ACM Research by 20.4% during the third quarter. GSA Capital Partners LLP now owns 71,805 shares of the specialty retailer's stock valued at $1,458,000 after acquiring an additional 12,185 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Trading Up 20.7 %

NASDAQ:ACMR traded up $4.75 during mid-day trading on Wednesday, reaching $27.69. The company's stock had a trading volume of 5,943,601 shares, compared to its average volume of 1,615,839. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The stock has a market cap of $1.60 billion, a P/E ratio of 20.98 and a beta of 1.58. The company's fifty day simple moving average is $18.91 and its two-hundred day simple moving average is $18.53. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $34.40.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.43 EPS for the quarter, topping the consensus estimate of $0.31 by $0.12. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. On average, equities analysts predict that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Activity at ACM Research

In other news, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the transaction, the insider now directly owns 100,002 shares of the company's stock, valued at $2,300,046. The trade was a 18.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 31.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ACMR shares. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research note on Wednesday. Needham & Company LLC downgraded shares of ACM Research from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a report on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, ACM Research has a consensus rating of "Moderate Buy" and an average price target of $30.00.

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.