Public Sector Pension Investment Board Makes New $8.03 Million Investment in ACM Research, Inc. $ACMR

Public Sector Pension Investment Board acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 205,115 shares of the specialty retailer’s stock, valued at approximately $8,026,000. Public Sector Pension Investment Board owned approximately 0.35% of ACM Research at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Savvy Advisors Inc. bought a new position in ACM Research in the third quarter valued at approximately $311,000. LSV Asset Management boosted its holdings in shares of ACM Research by 462.9% in the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after buying an additional 2,059,405 shares during the last quarter. Rhumbline Advisers grew its stake in shares of ACM Research by 81.4% in the third quarter. Rhumbline Advisers now owns 147,794 shares of the specialty retailer’s stock valued at $5,783,000 after buying an additional 66,329 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after buying an additional 367 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after buying an additional 515 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a report on Saturday. Roth Mkm restated a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a research note on Wednesday, November 5th. Finally, Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, ACM Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

ACM Research Price Performance

ACM Research stock opened at $65.18 on Wednesday. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 37.90 and a beta of 1.49. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 12 month low of $16.82 and a 12 month high of $71.65. The stock’s 50 day moving average is $50.02 and its 200-day moving average is $39.28.

Insider Buying and Selling at ACM Research

In related news, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $2,314,200.00. Following the transaction, the insider directly owned 802,708 shares in the company, valued at approximately $26,537,526.48. This represents a 8.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Fuping Chen sold 100,000 shares of ACM Research stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total transaction of $3,320,000.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 250,000 shares of company stock worth $8,342,600 in the last quarter. Company insiders own 25.00% of the company’s stock.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.