Kerrisdale Advisers LLC Grows Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Kerrisdale Advisers LLC lifted its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 550.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,948,003 shares of the specialty retailer's stock after purchasing an additional 1,648,685 shares during the period. ACM Research comprises approximately 9.9% of Kerrisdale Advisers LLC's portfolio, making the stock its biggest holding. Kerrisdale Advisers LLC owned about 3.38% of ACM Research worth $29,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in ACM Research by 35.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer's stock worth $1,067,000 after buying an additional 18,617 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of ACM Research in the 4th quarter worth approximately $5,782,000. Barclays PLC boosted its position in shares of ACM Research by 63.3% during the third quarter. Barclays PLC now owns 137,584 shares of the specialty retailer's stock valued at $2,793,000 after purchasing an additional 53,319 shares in the last quarter. Intech Investment Management LLC grew its stake in 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 purchasing an additional 8,760 shares during the period. Finally, Aristides Capital LLC bought a new position in ACM Research in the fourth quarter worth $204,000. 66.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 56,250 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total value of $1,494,562.50. Following the completion of the transaction, the insider now directly owns 747,708 shares in the company, valued at $19,866,601.56. This represents a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sotheara Cheav sold 22,598 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the sale, the insider now owns 100,002 shares in the company, valued at $2,300,046. The trade was a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 289,174 shares of company stock valued at $8,213,329. Company insiders own 31.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research note on Friday, February 28th. They set an "overweight" rating and a $36.00 price objective for the company. Finally, Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.40.

ACM Research Stock Performance

ACMR stock traded down $0.43 during midday trading on Monday, reaching $20.80. 1,642,175 shares of the company's stock traded hands, compared to its average volume of 1,715,561. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64. The stock has a market cap of $1.21 billion, a P/E ratio of 15.76 and a beta of 1.65. The stock's 50-day moving average is $23.93 and its 200 day moving average is $20.18.

ACM Research Company 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.