Ieq Capital LLC Buys Shares of 10,747 ACM Research, Inc. (NASDAQ:ACMR)

Ieq Capital LLC acquired a new position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,747 shares of the specialty retailer's stock, valued at approximately $162,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACMR. Rhumbline Advisers increased its position in shares of ACM Research by 0.8% during the 4th quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock valued at $1,113,000 after purchasing an additional 589 shares during the period. Beacon Financial Advisory LLC grew its holdings in ACM Research by 7.1% during the fourth quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer's stock worth $219,000 after acquiring an additional 960 shares during the period. Erste Asset Management GmbH acquired a new position in ACM Research during the third quarter worth about $37,000. FCG Investment Co raised its position in ACM Research by 11.7% in the fourth quarter. FCG Investment Co now owns 19,782 shares of the specialty retailer's stock worth $299,000 after acquiring an additional 2,066 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in ACM Research in the 4th quarter valued at about $33,000. Institutional investors own 66.75% of the company's stock.

ACM Research Trading Down 6.3 %

Shares of ACM Research stock traded down $1.63 during trading on Monday, hitting $24.31. The stock had a trading volume of 1,853,082 shares, compared to its average volume of 1,654,293. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $33.72. The stock has a 50 day simple moving average of $19.59 and a 200 day simple moving average of $18.68. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.40 billion, a PE ratio of 18.42 and a beta of 1.58.

Insider Activity

In related news, insider Sotheara Cheav sold 22,598 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the transaction, the insider now directly owns 100,002 shares of the company's stock, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 31.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ACMR. Needham & Company LLC reiterated a "hold" rating on shares of ACM Research in a report on Thursday. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research report on Friday. They issued an "overweight" rating and a $36.00 price target on the stock. Finally, Craig Hallum upgraded ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.