ACM Research, Inc. (NASDAQ:ACMR) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,909 shares of the specialty retailer's stock after acquiring an additional 21,024 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.36% of ACM Research worth $3,170,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ACMR. Quest Partners LLC increased its holdings in shares of ACM Research by 156.4% in the 3rd quarter. Quest Partners LLC now owns 19,481 shares of the specialty retailer's stock valued at $395,000 after acquiring an additional 11,883 shares during the period. Intech Investment Management LLC acquired a new position in shares of ACM Research in the 3rd quarter valued at $254,000. Charles Schwab Investment Management Inc. increased its stake in ACM Research by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer's stock valued at $8,239,000 after buying an additional 13,879 shares during the period. Citigroup Inc. raised its position in ACM Research by 8.7% during the 3rd quarter. Citigroup Inc. now owns 340,207 shares of the specialty retailer's stock worth $6,906,000 after buying an additional 27,178 shares during the last quarter. Finally, Algert Global LLC lifted its stake in shares of ACM Research by 530.5% in the 3rd quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer's stock worth $3,611,000 after acquiring an additional 149,670 shares during the period. 66.75% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACMR. JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research note on Friday, February 28th. They set an "overweight" rating and a $36.00 price target on the stock. Needham & Company LLC reiterated a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Finally, Craig Hallum raised 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.40.

ACM Research Stock Performance

Shares of ACMR stock traded down $0.63 during trading hours on Friday, reaching $26.87. 1,493,373 shares of the company's stock were exchanged, compared to its average volume of 1,384,497. The company has a market cap of $1.56 billion, a P/E ratio of 20.36 and a beta of 1.61. The company's 50 day moving average is $23.17 and its two-hundred day moving average is $19.57. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $33.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

Insider Transactions at ACM Research

In related news, insider Sotheara Cheav sold 22,598 shares of the company's stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Haiping Dun sold 9,518 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $29.00, for a total value of $276,022.00. Following the completion of the sale, the director now owns 755,090 shares in the company, valued at approximately $21,897,610. This represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 289,174 shares of company stock valued at $8,213,329. Corporate insiders own 31.24% of the company's stock.

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.