ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its stake in ACM Research, Inc. (NASDAQ:ACMR) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,132,953 shares of the specialty retailer’s stock after selling 53,393 shares during the quarter. Invesco Ltd. owned about 1.97% of ACM Research worth $17,108,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ACMR. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ACM Research during the fourth quarter valued at approximately $33,000. Picton Mahoney Asset Management increased its stake in ACM Research by 66.2% in the fourth 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. Federated Hermes Inc. lifted its position in ACM Research by 42.0% during the fourth quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer’s stock worth $125,000 after buying an additional 2,447 shares during the period. Ieq Capital LLC acquired a new stake in ACM Research in the 4th quarter worth about $162,000. Finally, Aristides Capital LLC purchased a new stake in ACM Research in the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

Insider Activity

In other news, Director Chenming Hu sold 163,308 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was 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 in the company, valued at approximately $2,300,046. This trade represents a 18.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 289,174 shares of company stock valued at $8,213,329. Company insiders own 31.24% of the company’s stock.

ACM Research Stock Performance

Shares of ACM Research stock opened at $19.36 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The firm’s 50-day simple moving average is $24.31 and its 200-day simple moving average is $20.26. The firm has a market cap of $1.12 billion, a PE ratio of 14.67 and a beta of 1.65.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. initiated coverage on ACM Research in a report on Friday, February 28th. They issued an “overweight” rating and a $36.00 target price on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

ACM Research Company 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.