ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its position in ACM Research, Inc. (NASDAQ:ACMR) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,151 shares of the specialty retailer’s stock after selling 35,952 shares during the period. Bank of America Corp DE owned 0.13% of ACM Research worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of ACM Research by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer’s stock worth $63,441,000 after acquiring an additional 67,255 shares during the last quarter. Kerrisdale Advisers LLC boosted its stake in shares of ACM Research by 550.8% in the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock worth $29,415,000 after acquiring an additional 1,648,685 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of ACM Research by 2,258.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock worth $22,171,000 after acquiring an additional 1,406,968 shares during the last quarter. Panview Capital Ltd acquired a new stake in shares of ACM Research in the fourth quarter worth approximately $20,758,000. Finally, Pertento Partners LLP boosted its stake in shares of ACM Research by 22.3% in the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer’s stock worth $17,894,000 after acquiring an additional 215,744 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on ACMR shares. Needham & Company LLC reiterated a “hold” rating on shares of ACM Research in a research report on Thursday, February 27th. 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 price objective on the stock. Finally, Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. One equities 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.com, ACM Research currently has a consensus rating of “Moderate Buy” and an average price target of $29.40.

Insider Activity

In other ACM Research news, 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 transaction of $4,899,240.00. Following the sale, the director now owns 100,002 shares in the company, valued at $3,000,060. This represents a 62.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Haiping Dun sold 9,518 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $29.00, for a total value of $276,022.00. Following the sale, the director now owns 755,090 shares in the company, valued at approximately $21,897,610. This trade represents a 1.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 396,576 shares of company stock valued at $10,703,375. 25.00% of the stock is currently owned by corporate insiders.

ACM Research Stock Performance

Shares of ACM Research stock opened at $24.70 on Friday. ACM Research, Inc. has a one year low of $13.87 and a one year high of $30.64. 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 company has a market cap of $1.45 billion, a price-to-earnings ratio of 18.71 and a beta of 1.48. The business’s 50 day moving average price is $21.37 and its 200 day moving average price is $20.81.

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.