WINTON GROUP Ltd Grows Holdings in ACM Research, Inc. (NASDAQ:ACMR)

WINTON GROUP Ltd increased its position in shares of ACM Research, Inc. (NASDAQ:ACMRGet Rating) by 25.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,606 shares of the specialty retailer’s stock after purchasing an additional 6,324 shares during the quarter. WINTON GROUP Ltd owned approximately 0.06% of ACM Research worth $532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC boosted its holdings in ACM Research by 190.2% during the first quarter. Truvestments Capital LLC now owns 14,811 shares of the specialty retailer’s stock worth $306,000 after purchasing an additional 9,708 shares during the last quarter. GSA Capital Partners LLP raised its position in ACM Research by 17.2% in the first quarter. GSA Capital Partners LLP now owns 12,678 shares of the specialty retailer’s stock worth $262,000 after acquiring an additional 1,858 shares during the period. Capital Fund Management S.A. bought a new stake in ACM Research in the first quarter worth about $981,000. Mitsubishi UFJ Trust & Banking Corp raised its position in ACM Research by 160.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 105,663 shares of the specialty retailer’s stock worth $2,186,000 after acquiring an additional 65,150 shares during the period. Finally, Oasis Management Co Ltd. bought a new stake in ACM Research in the first quarter worth about $1,463,000. 66.60% of the stock is currently owned by hedge funds and other institutional investors.

ACM Research Stock Performance

NASDAQ ACMR opened at $9.11 on Friday. The company’s 50 day moving average is $10.21 and its 200-day moving average is $13.80. ACM Research, Inc. has a 12-month low of $5.46 and a 12-month high of $32.76. The company has a quick ratio of 1.86, a current ratio of 2.81 and a debt-to-equity ratio of 0.02. The firm has a market cap of $495.35 million, a P/E ratio of 14.16 and a beta of 0.54.

Insider Activity

In related news, Director Haiping Dun sold 36,537 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $16.10, for a total transaction of $588,245.70. Following the sale, the director now owns 855,090 shares of the company’s stock, valued at approximately $13,766,949. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 33.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on ACMR shares. Jefferies Financial Group raised shares of ACM Research from an “underperform” rating to a “hold” rating and lowered their price objective for the stock from $8.00 to $7.00 in a research report on Monday, November 7th. Morgan Stanley lowered shares of ACM Research from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $28.00 to $9.00 in a research report on Monday, October 17th. Needham & Company LLC lowered their price objective on shares of ACM Research from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Finally, Craig Hallum lifted their price objective on shares of ACM Research to $25.00 in a research report on Monday, August 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ACM Research currently has an average rating of “Moderate Buy” and a consensus price target of $24.29.

About ACM Research

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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.

See Also

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Institutional Ownership by Quarter for ACM Research (NASDAQ:ACMR)

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