Nkcfo LLC Makes New $710,000 Investment in ACM Research, Inc. $ACMR

Nkcfo LLC bought a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,000 shares of the specialty retailer’s stock, valued at approximately $710,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of ACM Research by 38.8% in the 4th quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 299 shares in the last quarter. Farther Finance Advisors LLC raised its stake 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 worth $26,000 after acquiring an additional 308 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of ACM Research by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock worth $700,000 after acquiring an additional 343 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of ACM Research by 2.5% in the third quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer’s stock worth $612,000 after acquiring an additional 386 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday, March 8th. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.00.

ACM Research Stock Up 6.2%

Shares of NASDAQ:ACMR opened at $51.69 on Friday. ACM Research, Inc. has a one year low of $18.48 and a one year high of $71.65. The company has a 50 day moving average of $49.16 and a 200-day moving average of $45.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.27 and a quick ratio of 2.33. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 37.73 and a beta of 1.69.

Insider Activity at ACM Research

In other news, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at $260,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00. Following the sale, the director owned 110,772 shares of the company’s stock, valued at approximately $5,307,086.52. This represents a 11.93% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 65,000 shares of company stock valued at $3,110,750. 25.00% of the stock is owned by corporate insiders.

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.