ACM Research, Inc. (NASDAQ:ACMR) is Steamboat Capital Partners LLC’s 9th Largest Position

Steamboat Capital Partners LLC trimmed its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 748,925 shares of the specialty retailer’s stock after selling 230,083 shares during the quarter. ACM Research makes up about 3.5% of Steamboat Capital Partners LLC’s portfolio, making the stock its 9th biggest holding. Steamboat Capital Partners LLC owned 1.30% of ACM Research worth $11,309,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ACMR. Kerrisdale Advisers LLC increased its holdings in shares of ACM Research by 550.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock valued at $29,415,000 after purchasing an additional 1,648,685 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of ACM Research by 2,258.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock valued at $22,171,000 after purchasing an additional 1,406,968 shares in the last quarter. Panview Capital Ltd acquired a new stake in ACM Research in the 4th quarter valued at $20,758,000. Raiffeisen Bank International AG acquired a new stake in ACM Research in the 4th quarter valued at $10,549,000. Finally, SG Americas Securities LLC acquired a new stake in ACM Research in the 4th quarter valued at $5,782,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Trading Down 2.5%

Shares of ACMR opened at $23.73 on Friday. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $22.64 and its two-hundred day moving average is $20.37. The stock has a market cap of $1.40 billion, a PE ratio of 17.98 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ACMR shares. Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. started coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.40.

Insiders Place Their Bets

In other ACM Research news, Director Haiping Dun sold 9,518 shares of ACM Research stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total transaction of $276,022.00. Following the sale, the director now owns 755,090 shares of the company’s stock, valued at $21,897,610. The trade was a 1.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the sale, the insider now directly owns 747,708 shares in the company, valued at approximately $19,866,601.56. This trade represents a 7.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 266,576 shares of company stock valued at $7,693,575 in the last 90 days. 25.00% of the stock is owned by insiders.

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.