Vanguard Group Inc. Increases Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

Vanguard Group Inc. boosted its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,201,403 shares of the specialty retailer's stock after acquiring an additional 67,255 shares during the quarter. Vanguard Group Inc. owned about 7.29% of ACM Research worth $63,441,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Panview Capital Ltd purchased a new stake in ACM Research in the 4th quarter valued at about $20,758,000. Geode Capital Management LLC lifted its holdings in shares of ACM Research by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer's stock worth $23,973,000 after acquiring an additional 26,620 shares during the last quarter. Yiheng Capital Management L.P. boosted its position in shares of ACM Research by 2.1% during the 4th quarter. Yiheng Capital Management L.P. now owns 680,604 shares of the specialty retailer's stock worth $10,277,000 after purchasing an additional 14,300 shares during the period. Charles Schwab Investment Management Inc. raised its position in ACM Research by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 408,683 shares of the specialty retailer's stock valued at $6,171,000 after purchasing an additional 2,825 shares during the period. Finally, SG Americas Securities LLC acquired a new position in ACM Research during the fourth quarter worth $5,782,000. Institutional investors and hedge funds own 66.75% of the company's stock.

Insider Buying and Selling at ACM Research

In related news, insider David H. Wang sold 56,250 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the transaction, the insider now owns 747,708 shares in the company, valued at $19,866,601.56. This trade represents a 7.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value 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. The trade was a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 289,174 shares of company stock worth $8,213,329 over the last three months. Insiders own 31.24% of the company's stock.

ACM Research Stock Down 1.4 %

ACM Research stock traded down $0.28 during midday trading on Thursday, reaching $19.46. The company's stock had a trading volume of 167,946 shares, compared to its average volume of 1,727,128. The business has a 50-day simple moving average of $24.47 and a 200-day simple moving average of $20.25. The company has a market cap of $1.13 billion, a P/E ratio of 14.74 and a beta of 1.65. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.64. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ACMR shares. Needham & Company LLC reiterated a "hold" rating on shares of ACM Research in a report on Thursday, February 27th. 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 target on the stock. Finally, Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, ACM Research currently has an average rating of "Moderate Buy" and an average target price 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.