Pertento Partners LLP Purchases 215,744 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Pertento Partners LLP grew its position in ACM Research, Inc. (NASDAQ:ACMR) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,185,037 shares of the specialty retailer’s stock after purchasing an additional 215,744 shares during the quarter. ACM Research comprises approximately 1.5% of Pertento Partners LLP’s investment portfolio, making the stock its 20th biggest position. Pertento Partners LLP owned about 2.06% of ACM Research worth $17,894,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in ACM Research in the 4th quarter valued at $33,000. Erste Asset Management GmbH acquired a new position in shares of ACM Research in the third quarter valued at about $37,000. Picton Mahoney Asset Management increased its position in ACM Research by 66.2% during the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 1,236 shares during the period. Ieq Capital LLC bought a new position in ACM Research during the fourth quarter worth about $162,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in ACM Research in the 4th quarter worth about $207,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the sale, the insider now directly owns 100,002 shares of the company’s stock, valued at $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Chenming Hu sold 163,308 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $30.00, for a total value of $4,899,240.00. Following the transaction, the director now directly owns 100,002 shares of the company’s stock, valued at approximately $3,000,060. The trade was a 62.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 289,174 shares of company stock valued at $8,213,329. 31.24% of the stock is currently owned by corporate insiders.

ACM Research Stock Performance

NASDAQ ACMR opened at $24.61 on Friday. The firm’s 50 day simple moving average is $24.15 and its 200 day simple moving average is $19.93. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 18.64 and a beta of 1.61. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $33.40.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ACMR shares. JPMorgan Chase & Co. began coverage on shares of ACM Research in a report on Friday, February 28th. They set an “overweight” rating and a $36.00 target price on the stock. Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

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.