ACM Research, Inc. $ACMR Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 81.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 147,794 shares of the specialty retailer’s stock after buying an additional 66,329 shares during the quarter. Rhumbline Advisers owned 0.25% of ACM Research worth $5,783,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ACMR. Principal Financial Group Inc. grew its holdings in shares of ACM Research by 396.3% in the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock worth $13,187,000 after acquiring an additional 269,094 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of ACM Research in the 3rd quarter valued at $886,000. Hussman Strategic Advisors Inc. purchased a new position in ACM Research in the 3rd quarter worth about $2,054,000. State of Alaska Department of Revenue purchased a new position in ACM Research in the 3rd quarter worth about $1,011,000. Finally, Congress Asset Management Co. raised its holdings in ACM Research by 43.0% during the 3rd quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer’s stock worth $11,032,000 after buying an additional 84,747 shares during the period. Institutional investors own 66.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings cut shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Wall Street Zen downgraded shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a research note on Wednesday, November 5th. Finally, Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ACM Research presently has an average rating of “Moderate Buy” and an average price target of $38.00.

ACM Research Price Performance

NASDAQ ACMR opened at $66.59 on Monday. The company has a 50 day simple moving average of $51.58 and a 200-day simple moving average of $40.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 38.72 and a beta of 1.48. ACM Research, Inc. has a 52-week low of $16.82 and a 52-week high of $71.65.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 60,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $34.12, for a total value of $2,047,200.00. Following the completion of the sale, the insider owned 802,708 shares in the company, valued at $27,388,396.96. This represents a 6.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Fuping Chen sold 20,000 shares of ACM Research stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total transaction of $661,200.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 250,000 shares of company stock valued at $8,342,600. 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.