SPX Gestao de Recursos Ltda acquired a new position in ACM Research, Inc. (NASDAQ:ACMR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,815 shares of the specialty retailer’s stock, valued at approximately $1,753,000.
Several other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares during the last quarter. Hantz Financial Services Inc. boosted its position in ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Leonteq Securities AG acquired a new position in ACM Research during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its stake in ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 1,122 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in ACM Research by 381.0% in the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 861 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.
ACM Research Stock Performance
NASDAQ:ACMR opened at $74.42 on Friday. The stock has a 50 day simple moving average of $88.88 and a 200 day simple moving average of $71.10. The stock has a market cap of $4.81 billion, a P/E ratio of 35.44 and a beta of 1.96. ACM Research, Inc. has a 1-year low of $26.10 and a 1-year high of $127.19. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08.
Insider Activity
In other ACM Research news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at $405,650. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 40,002 shares of ACM Research stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at $68,872,346.40. This trade represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 123,752 shares of company stock valued at $10,826,748. 24.36% of the stock is owned by company insiders.
Analysts Set New Price Targets
ACMR has been the subject of a number of analyst reports. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Daiwa Securities Group initiated coverage on ACM Research in a research report on Wednesday. They set a “buy” rating and a $136.00 price target on the stock. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Capital set a $125.00 price objective on ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Seaport Research Partners started coverage on ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, ACM Research presently has a consensus rating of “Buy” and an average price target of $122.75.
Read Our Latest Stock Analysis on ACM Research
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.
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