Teacher Retirement System of Texas Takes $851,000 Position in ACM Research, Inc. (NASDAQ:ACMR)

Teacher Retirement System of Texas acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 56,330 shares of the specialty retailer's stock, valued at approximately $851,000. Teacher Retirement System of Texas owned about 0.10% of ACM Research at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Rhumbline Advisers raised its stake in ACM Research by 0.8% during the 4th quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock worth $1,113,000 after acquiring an additional 589 shares in the last quarter. Beacon Financial Advisory LLC grew its holdings in shares of 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 purchasing an additional 960 shares during the last quarter. Arizona State Retirement System increased its position in shares of ACM Research by 7.3% during the fourth quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer's stock worth $226,000 after purchasing an additional 1,017 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in shares of ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of ACM Research in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

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Analyst Ratings Changes

Several research analysts have commented on ACMR shares. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target for the company. Finally, Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. One research 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, ACM Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.40.

ACM Research Stock Performance

Shares of ACMR stock traded down $0.56 during midday trading on Wednesday, hitting $23.39. The company had a trading volume of 1,464,987 shares, compared to its average volume of 1,423,439. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 17.72 and a beta of 1.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The company's 50 day simple moving average is $24.47 and its 200 day simple moving average is $20.11. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $33.40.

Insider Buying and Selling

In related news, Director Chenming Hu sold 163,308 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $30.00, for a total value of $4,899,240.00. Following the completion of the sale, the director now owns 100,002 shares in the company, valued at $3,000,060. This trade represents a 62.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Haiping Dun sold 9,518 shares of ACM Research stock in a transaction that occurred on Friday, March 14th. The shares were 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 directly owns 755,090 shares in the company, valued at $21,897,610. This represents a 1.24 % decrease in their position. 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 over the last three months. 31.24% of the stock is currently owned by company insiders.

ACM Research 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.