Corebridge Financial Inc. Has $382,000 Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Corebridge Financial Inc. reduced its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,327 shares of the specialty retailer’s stock after selling 1,912 shares during the period. Corebridge Financial Inc.’s holdings in ACM Research were worth $382,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ACM Research during the fourth quarter worth $33,000. Picton Mahoney Asset Management increased its holdings 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 worth $47,000 after purchasing an additional 1,236 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of ACM Research in the 4th quarter valued at about $162,000. KLP Kapitalforvaltning AS bought a new stake in shares of ACM Research in the fourth quarter valued at about $207,000. Finally, Beacon Financial Advisory LLC boosted its position 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 buying an additional 960 shares during the period. Institutional investors own 66.75% of the company’s stock.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $20.14 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The stock has a 50 day moving average price of $24.65 and a 200 day moving average price of $20.23. The stock has a market capitalization of $1.17 billion, a PE ratio of 15.26 and a beta of 1.65. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $30.64.

Insider Activity

In other ACM Research news, Director Chenming Hu sold 163,308 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the sale, the director now directly owns 100,002 shares of the company’s stock, valued at approximately $3,000,060. This represents a 62.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction on Thursday, February 6th. The shares were 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 owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 289,174 shares of company stock valued at $8,213,329. 31.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ACMR. 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 note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research report on Friday, February 28th. They issued an “overweight” rating and a $36.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

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.