Invesco Ltd. Sells 53,393 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Invesco Ltd. cut its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,132,953 shares of the specialty retailer's stock after selling 53,393 shares during the period. Invesco Ltd. owned approximately 1.97% of ACM Research worth $17,108,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC raised its holdings in ACM Research by 63.3% in 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. Geode Capital Management LLC lifted its stake in ACM Research by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer's stock worth $23,973,000 after purchasing an additional 26,620 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of ACM Research by 23.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 19,325 shares of the specialty retailer's stock valued at $300,000 after purchasing an additional 3,625 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of ACM Research in the 4th quarter valued at $5,782,000. Finally, Janney Montgomery Scott LLC raised its holdings 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 buying an additional 18,617 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

Insiders Place Their Bets

In other ACM Research news, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction 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 sale, the insider now directly owns 747,708 shares of the company's stock, valued at approximately $19,866,601.56. The trade was a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chenming Hu sold 163,308 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the transaction, the director now owns 100,002 shares in the company, valued at $3,000,060. This represents a 62.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 289,174 shares of company stock worth $8,213,329. Company insiders own 31.24% of the company's stock.

ACM Research Trading Up 5.8 %

Shares of ACMR traded up $1.15 during mid-day trading on Thursday, reaching $20.88. 998,726 shares of the company were exchanged, compared to its average volume of 1,717,885. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $30.64. The business has a 50 day simple moving average of $24.05 and a two-hundred day simple moving average of $20.22. The stock has a market capitalization of $1.21 billion, a PE ratio of 15.82 and a beta of 1.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

Wall Street Analyst Weigh In

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

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.