Intech Investment Management LLC Buys 8,760 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Intech Investment Management LLC increased its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 70.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,273 shares of the specialty retailer's stock after buying an additional 8,760 shares during the period. Intech Investment Management LLC's holdings in ACM Research were worth $321,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ACM Research during the fourth quarter worth $33,000. Erste Asset Management GmbH bought a new stake in shares of ACM Research during the 3rd quarter valued at $37,000. Picton Mahoney Asset Management lifted its holdings in ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock worth $47,000 after purchasing an additional 1,236 shares in the last quarter. Truvestments Capital LLC bought a new position in ACM Research in the 3rd quarter worth about $72,000. Finally, Ieq Capital LLC bought a new position in ACM Research in the 4th quarter worth about $162,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the 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 completion of the transaction, the insider now owns 100,002 shares in the company, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chenming Hu sold 163,308 shares of the business's stock in a transaction on 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 sale, the director now owns 100,002 shares in the company, valued at approximately $3,000,060. This trade represents a 62.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock worth $8,213,329 over the last quarter. 31.24% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

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

ACM Research Trading Down 8.6 %

NASDAQ ACMR traded down $2.31 on Friday, hitting $24.61. The company's stock had a trading volume of 1,568,011 shares, compared to its average volume of 1,416,392. The firm has a market cap of $1.43 billion, a P/E ratio of 18.64 and a beta of 1.61. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $33.40. The company's 50-day simple moving average is $24.15 and its 200 day simple moving average is $19.96. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

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.