Yiheng Capital Management L.P. Has $10.28 Million Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Yiheng Capital Management L.P. raised its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 680,604 shares of the specialty retailer's stock after acquiring an additional 14,300 shares during the quarter. ACM Research comprises 0.4% of Yiheng Capital Management L.P.'s holdings, making the stock its 13th largest position. Yiheng Capital Management L.P. owned 1.18% of ACM Research worth $10,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ACM Research during the fourth quarter worth approximately $33,000. Erste Asset Management GmbH acquired a new position in ACM Research in the 3rd quarter valued at $37,000. Picton Mahoney Asset Management increased its position in ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock worth $47,000 after buying an additional 1,236 shares during the period. Truvestments Capital LLC acquired a new stake in shares of ACM Research during the third quarter worth $72,000. Finally, Ieq Capital LLC bought a new stake in shares of ACM Research in the fourth quarter valued at about $162,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Chenming Hu sold 163,308 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the completion of the sale, the director now directly owns 100,002 shares in the company, valued at $3,000,060. This represents a 62.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the transaction, the insider now owns 100,002 shares in the company, valued at approximately $2,300,046. This represents a 18.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 289,174 shares of company stock worth $8,213,329. Corporate insiders own 31.24% of the company's stock.

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ACM Research Price Performance

ACM Research stock traded up $0.82 during trading hours on Tuesday, reaching $28.56. 1,115,966 shares of the stock were exchanged, compared to its average volume of 1,383,345. 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 twelve month low of $13.87 and a twelve month high of $33.40. The company has a market cap of $1.66 billion, a P/E ratio of 21.64 and a beta of 1.61. The stock has a 50 day moving average of $23.42 and a two-hundred day moving average of $19.67.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ACMR shares. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a report on Friday, February 28th. They set an "overweight" rating and a $36.00 target price on the stock. Finally, Craig Hallum upgraded 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.40.

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.