Sherbrooke Park Advisers LLC Raises Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Sherbrooke Park Advisers LLC boosted its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,122 shares of the specialty retailer’s stock after purchasing 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 institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in ACM Research by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer’s stock valued at $63,441,000 after purchasing an additional 67,255 shares during the last quarter. Kerrisdale Advisers LLC lifted its holdings 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 last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in 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 worth $22,171,000 after buying an additional 1,406,968 shares during the last quarter. Panview Capital Ltd bought a new position in ACM Research during the 4th quarter worth approximately $20,758,000. Finally, Pertento Partners LLP lifted its holdings in ACM Research by 22.3% during the 4th quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer’s stock worth $17,894,000 after buying an additional 215,744 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Buying and Selling

In other news, insider David H. Wang sold 37,500 shares of ACM Research stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the transaction, the insider now directly owns 672,708 shares in the company, valued at approximately $18,364,928.40. This trade represents a 5.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction on Monday, March 17th. The shares were sold at an average price of $30.00, for a total value of $4,899,240.00. Following the transaction, the director now owns 100,002 shares in the company, valued at approximately $3,000,060. This trade represents a 62.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 266,576 shares of company stock valued at $7,693,575. Insiders own 25.00% of the company’s stock.

Wall Street Analyst Weigh In

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

ACM Research Trading Up 4.0%

Shares of NASDAQ ACMR opened at $24.28 on Wednesday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 18.39 and a beta of 1.57. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month 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 50 day simple moving average is $22.50 and its 200 day simple moving average is $20.45.

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.