Pertento Partners LLP Increases Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Pertento Partners LLP boosted its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 22.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,185,037 shares of the specialty retailer's stock after acquiring an additional 215,744 shares during the quarter. ACM Research accounts for approximately 1.5% of Pertento Partners LLP's holdings, making the stock its 20th largest position. Pertento Partners LLP owned approximately 2.06% of ACM Research worth $17,894,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in shares of ACM Research by 0.8% in the fourth quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock worth $1,113,000 after purchasing an additional 589 shares during the last quarter. Beacon Financial Advisory LLC raised its position in ACM Research by 7.1% in the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer's stock worth $219,000 after buying an additional 960 shares during the last quarter. Arizona State Retirement System raised its position in ACM Research by 7.3% in the 4th quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer's stock worth $226,000 after buying an additional 1,017 shares during the last quarter. Picton Mahoney Asset Management lifted its stake 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 valued at $47,000 after acquiring an additional 1,236 shares during the period. Finally, Erste Asset Management GmbH purchased a new stake in shares of ACM Research during the 3rd quarter valued at about $37,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

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ACM Research Stock Performance

ACMR stock traded down $0.84 during midday trading on Wednesday, reaching $23.11. 694,940 shares of the company's stock traded hands, compared to its average volume of 1,418,502. 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, Inc. has a 52-week low of $13.87 and a 52-week high of $33.40. The stock has a market cap of $1.34 billion, a P/E ratio of 17.51 and a beta of 1.61. The stock's 50-day moving average is $24.38 and its 200 day moving average is $20.08.

Insider Activity

In other news, Director Haiping Dun sold 9,518 shares of ACM Research stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $29.00, for a total transaction of $276,022.00. Following the transaction, the director now directly owns 755,090 shares of the company's stock, valued at $21,897,610. The trade was a 1.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 100,002 shares of the company's stock, valued at $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock valued at $8,213,329 in the last 90 days. Company insiders own 31.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of ACM Research in a research report on Friday, February 28th. They set an "overweight" rating and a $36.00 price objective on the stock. Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC restated a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.40.

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.