Raymond James Financial Inc. Buys New Stake in ACM Research, Inc. (NASDAQ:ACMR)

Raymond James Financial Inc. purchased a new position in ACM Research, Inc. (NASDAQ:ACMR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 85,722 shares of the specialty retailer’s stock, valued at approximately $1,294,000. Raymond James Financial Inc. owned about 0.15% of ACM Research at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ACMR. Barclays PLC grew its stake in ACM Research by 63.3% during the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock worth $2,793,000 after buying an additional 53,319 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of ACM Research by 23.1% during the fourth quarter. Harbour Capital Advisors LLC now owns 19,325 shares of the specialty retailer’s stock worth $300,000 after acquiring an additional 3,625 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of ACM Research during the fourth quarter valued at about $5,782,000. Janney Montgomery Scott LLC raised 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 valued at $1,067,000 after purchasing an additional 18,617 shares during the last quarter. Finally, FCG Investment Co raised 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 valued at $299,000 after purchasing an additional 2,066 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ACM Research

In other 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 value of $519,754.00. Following the sale, the insider now owns 100,002 shares in the company, valued at $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $26.57, for a total value of $1,494,562.50. Following the sale, the insider now directly owns 747,708 shares in the company, valued at approximately $19,866,601.56. This trade represents a 7.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 289,174 shares of company stock valued at $8,213,329. 31.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACMR. JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research note on Friday, February 28th. They set an “overweight” rating and a $36.00 price target on the stock. Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC restated 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 assigned a buy rating to the company. Based on data from MarketBeat.com, ACM Research has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

ACM Research Stock Up 7.2 %

NASDAQ:ACMR opened at $19.93 on Friday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 15.10 and a beta of 1.65. The company’s fifty day moving average price is $23.36 and its 200-day moving average price is $20.15. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $30.64. 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 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.