PDT Partners LLC Makes New Investment in ACM Research, Inc. (NASDAQ:ACMR)

PDT Partners LLC bought a new position in ACM Research, Inc. (NASDAQ:ACMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 108,030 shares of the specialty retailer’s stock, valued at approximately $1,631,000.

A number of other large investors have also modified their holdings of the stock. Schonfeld Strategic Advisors LLC lifted its position in ACM Research by 70.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 36,701 shares of the specialty retailer’s stock worth $554,000 after acquiring an additional 15,183 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of ACM Research by 39.4% during the fourth quarter. AQR Capital Management LLC now owns 358,250 shares of the specialty retailer’s stock valued at $5,410,000 after purchasing an additional 101,249 shares during the period. Northern Trust Corp lifted its position in shares of ACM Research by 9.9% during the fourth quarter. Northern Trust Corp now owns 534,243 shares of the specialty retailer’s stock worth $8,067,000 after purchasing an additional 47,953 shares in the last quarter. Oberweis Asset Management Inc. boosted its stake in shares of ACM Research by 16.5% in the fourth quarter. Oberweis Asset Management Inc. now owns 485,200 shares of the specialty retailer’s stock valued at $7,327,000 after purchasing an additional 68,700 shares during the period. Finally, Kerrisdale Advisers LLC increased its stake in ACM Research by 550.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock worth $29,415,000 after buying an additional 1,648,685 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analyst Ratings Changes

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

ACM Research Price Performance

Shares of ACMR opened at $18.52 on Wednesday. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week 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 firm has a market cap of $1.08 billion, a price-to-earnings ratio of 14.03 and a beta of 1.65. The stock has a 50 day moving average of $23.65 and a 200-day moving average of $20.16.

Insider Buying and Selling

In related news, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction dated Thursday, February 6th. The shares were 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 in the company, valued at $2,300,046. This trade represents a 18.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Haiping Dun sold 9,518 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $29.00, for a total transaction of $276,022.00. Following the completion of the transaction, the director now owns 755,090 shares of the company’s stock, valued at approximately $21,897,610. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 289,174 shares of company stock worth $8,213,329 over the last ninety days. 31.24% of the stock is owned by insiders.

About ACM Research

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.