Hussman Strategic Advisors Inc. decreased its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 20.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 168,000 shares of the specialty retailer's stock after selling 42,000 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.29% of ACM Research worth $2,537,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in ACM Research during the 4th quarter worth about $33,000. Erste Asset Management GmbH bought a new stake in ACM Research in the third quarter valued at approximately $37,000. Truvestments Capital LLC bought a new stake in ACM Research in the 3rd quarter valued at $72,000. CWM LLC lifted its stake 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 buying an additional 2,478 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in ACM Research during the fourth quarter worth approximately $162,000. 66.75% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at ACM Research
In related news, insider David H. Wang sold 56,250 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the sale, the insider now owns 654,256 shares of the company's stock, valued at $11,704,639.84. This trade represents a 7.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sotheara Cheav sold 22,598 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the sale, the insider now owns 100,002 shares in the company, valued at $2,300,046. This represents a 18.43 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 31.24% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ACMR. Needham & Company LLC downgraded ACM Research from a "buy" rating to a "hold" rating and set a $25.00 target price for the company. in a report on Wednesday, December 4th. Craig Hallum cut shares of ACM Research from a "buy" rating to a "hold" rating and cut their price objective for the stock from $30.00 to $18.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, ACM Research presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.
Check Out Our Latest Research Report on ACMR
ACM Research Price Performance
Shares of ACMR traded down $2.41 during midday trading on Monday, hitting $23.63. The company's stock had a trading volume of 1,657,302 shares, compared to its average volume of 1,469,569. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a one year low of $13.87 and a one year high of $34.40. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 17.91 and a beta of 1.58. The company's fifty day simple moving average is $18.59 and its two-hundred day simple moving average is $18.47.
About ACM Research
(
Free Report)
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.
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