ACM Research, Inc. (NASDAQ:ACMR) Shares Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC increased its stake in ACM Research, Inc. (NASDAQ:ACMR) by 10.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,122 shares of the specialty retailer’s stock after buying an additional 1,362 shares during the period. Sherbrooke Park Advisers LLC’s holdings in ACM Research were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of ACM Research by 1.6% in the 4th 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 grew its holdings in shares of ACM Research by 550.8% in the 4th 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 grew its holdings in shares of ACM Research by 2,258.3% in the 4th 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 $20,758,000. Finally, Pertento Partners LLP grew its holdings in shares of ACM Research by 22.3% during the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer’s stock valued at $17,894,000 after buying an additional 215,744 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on ACM Research in a report on Friday, February 28th. They set an “overweight” rating and a $36.00 price target on the stock. Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. One 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.40.

Insider Activity at ACM Research

In related news, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction on 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 completion of the sale, the director now owns 100,002 shares of the company’s stock, valued at approximately $3,000,060. This trade represents a 62.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $276,022.00. Following the sale, the director now directly owns 755,090 shares of the company’s stock, valued at approximately $21,897,610. The trade was a 1.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 266,576 shares of company stock valued at $7,693,575. Insiders own 25.00% of the company’s stock.

ACM Research Stock Performance

Shares of ACMR stock opened at $24.28 on Wednesday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 18.39 and a beta of 1.57. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $30.64. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $22.50 and its 200-day simple moving average is $20.45.

ACM Research 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.