Janus Henderson Group PLC Has $2.30 Million Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Janus Henderson Group PLC raised its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 29.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,005 shares of the specialty retailer’s stock after buying an additional 34,880 shares during the period. Janus Henderson Group PLC owned about 0.26% of ACM Research worth $2,295,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ACMR. Janney Montgomery Scott LLC lifted its stake in shares of ACM Research by 35.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer’s stock worth $1,067,000 after buying an additional 18,617 shares during the last quarter. SG Americas Securities LLC acquired a new stake in ACM Research during the fourth quarter worth approximately $5,782,000. Barclays PLC boosted its holdings in shares of ACM Research by 63.3% during the third quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock worth $2,793,000 after acquiring an additional 53,319 shares during the period. Intech Investment Management LLC grew its position in shares of ACM Research by 70.0% in the fourth quarter. Intech Investment Management LLC now owns 21,273 shares of the specialty retailer’s stock valued at $321,000 after purchasing an additional 8,760 shares during the last quarter. Finally, Aristides Capital LLC acquired a new position in shares of ACM Research in the fourth quarter valued at approximately $204,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Haiping Dun sold 9,518 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the transaction, the director now owns 755,090 shares of the company’s stock, valued at approximately $21,897,610. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Chenming Hu sold 163,308 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $30.00, for a total value of $4,899,240.00. Following the completion of the transaction, the director now owns 100,002 shares in the company, valued at $3,000,060. This represents a 62.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 266,576 shares of company stock worth $7,693,575. 25.00% of the stock is owned by company insiders.

ACM Research Stock Up 4.0%

Shares of NASDAQ:ACMR opened at $24.28 on Wednesday. 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 52-week low of $13.87 and a 52-week high of $30.64. The business’s 50 day simple moving average is $22.50 and its two-hundred day simple moving average is $20.45. The firm has a market cap of $1.43 billion, a P/E ratio of 18.39 and a beta of 1.57.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ACMR. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “hold” rating on shares of ACM Research in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. assumed coverage on ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, ACM Research presently has a consensus rating of “Moderate Buy” and a consensus target price 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.