Truist Financial Corp acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 19,777 shares of the specialty retailer's stock, valued at approximately $299,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in ACM Research by 0.8% in the fourth quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock valued at $1,113,000 after acquiring an additional 589 shares during the last quarter. Beacon Financial Advisory LLC boosted its position in shares of 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 purchasing an additional 960 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ACM Research in the 4th quarter worth $33,000. FCG Investment Co boosted its position in shares of ACM Research by 11.7% in the 4th quarter. FCG Investment Co now owns 19,782 shares of the specialty retailer's stock worth $299,000 after purchasing an additional 2,066 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of ACM Research by 35.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer's stock worth $1,067,000 after purchasing an additional 18,617 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.
ACM Research Stock Up 2.3 %
ACMR traded up $0.62 during trading on Friday, reaching $27.08. The company had a trading volume of 1,576,280 shares, compared to its average volume of 1,700,146. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $33.40. The business's fifty day moving average price is $20.66 and its 200 day moving average price is $18.90. The company has a market cap of $1.57 billion, a P/E ratio of 20.52 and a beta of 1.61.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research report on Friday, February 28th. They set an "overweight" rating and a $36.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.40.
Get Our Latest Stock Report on ACM Research
Insider Buying and Selling at ACM Research
In related news, insider Sotheara Cheav sold 22,598 shares of the company's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 31.24% of the company's stock.
About ACM Research
(
Free Report)
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.
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