Price T Rowe Associates Inc. MD Increases Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Price T Rowe Associates Inc. MD raised its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,267 shares of the specialty retailer’s stock after purchasing an additional 3,031 shares during the period. Price T Rowe Associates Inc. MD owned about 0.06% of ACM Research worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 1,685 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ACM Research in the fourth quarter valued at approximately $33,000. Picton Mahoney Asset Management increased its holdings in shares of 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. grew its position in ACM Research by 42.0% in the fourth quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer’s stock worth $125,000 after acquiring an additional 2,447 shares during the period. Finally, Ieq Capital LLC purchased a new position in shares of ACM Research during the fourth quarter worth $162,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ACMR. JPMorgan Chase & Co. started coverage on ACM Research in a research report on Friday, February 28th. They set an “overweight” rating and a $36.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. Finally, Craig Hallum raised ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.40.

ACM Research Price Performance

ACMR opened at $25.14 on Wednesday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 19.05 and a beta of 1.57. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $22.81 and a 200 day moving average price of $20.25.

Insider Transactions at ACM Research

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 completion of the sale, the director now owns 100,002 shares in the company, valued at approximately $3,000,060. The trade was a 62.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David H. Wang sold 37,500 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the sale, the insider now owns 672,708 shares of the company’s stock, valued at $18,364,928.40. The trade was a 5.28% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 266,576 shares of company stock worth $7,693,575. Company insiders own 31.24% of the company’s stock.

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.