19,167 Shares in ACM Research, Inc. (NASDAQ:ACMR) Acquired by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,167 shares of the specialty retailer's stock, valued at approximately $289,000.

A number of other institutional investors also recently added to or reduced their stakes in ACMR. Janney Montgomery Scott LLC acquired a new stake in shares of ACM Research in the 3rd quarter valued at approximately $1,056,000. Catalyst Capital Advisors LLC purchased a new position in ACM Research in the third quarter worth $203,000. Beacon Financial Advisory LLC acquired a new stake in ACM Research in the third quarter valued at $275,000. GSA Capital Partners LLP boosted its position in shares of ACM Research by 20.4% during the 3rd quarter. GSA Capital Partners LLP now owns 71,805 shares of the specialty retailer's stock worth $1,458,000 after purchasing an additional 12,185 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new position in shares of ACM Research during the 3rd quarter worth $400,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

ACM Research stock traded down $0.16 during midday trading on Friday, reaching $25.94. 1,792,337 shares of the company were exchanged, compared to its average volume of 1,649,190. The firm's 50-day simple moving average is $19.59 and its 200-day simple moving average is $18.69. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $34.40. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 19.65 and a beta of 1.58. 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

A number of equities research analysts recently weighed in on ACMR shares. JPMorgan Chase & Co. assumed coverage on ACM Research in a report on Friday. They issued an "overweight" rating and a $36.00 price target on the stock. Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a report on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, ACM Research has an average rating of "Moderate Buy" and a consensus target price of $29.40.

Insiders Place Their Bets

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 shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the transaction, the insider now owns 100,002 shares of the company's stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 31.24% of the stock is owned by corporate insiders.

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.