AlphaQuest LLC Sells 11,970 Shares of ACM Research, Inc. $ACMR

AlphaQuest LLC cut its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 58.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,517 shares of the specialty retailer’s stock after selling 11,970 shares during the quarter. AlphaQuest LLC’s holdings in ACM Research were worth $333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of ACM Research by 656.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares in the last quarter. Headlands Technologies LLC bought a new position in ACM Research during the second quarter worth $114,000. Strs Ohio acquired a new stake in ACM Research in the first quarter worth $133,000. Lazard Asset Management LLC increased its stake in ACM Research by 27.9% in the second quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of ACM Research by 7.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock valued at $157,000 after purchasing an additional 416 shares during the period. 66.75% of the stock is currently owned by institutional investors.

Insider Activity at ACM Research

In other ACM Research news, insider Lisa Feng sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $33.77, for a total transaction of $506,550.00. Following the transaction, the insider directly owned 50,001 shares in the company, valued at approximately $1,688,533.77. This trade represents a 23.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $27,388,396.96. The trade was a 6.95% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 265,000 shares of company stock valued at $8,849,150. 25.00% of the stock is owned by insiders.

ACM Research Price Performance

ACMR stock opened at $62.48 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48. The business has a 50-day simple moving average of $45.78 and a two-hundred day simple moving average of $37.60. The company has a market capitalization of $3.74 billion, a P/E ratio of 36.33 and a beta of 1.48. ACM Research, Inc. has a 52-week low of $16.82 and a 52-week high of $64.79.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ACMR shares. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Roth Mkm restated a “buy” rating and set a $40.00 price objective on shares of ACM Research in a report on Wednesday, November 5th. Finally, Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

ACM Research Profile

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.