150,000 Shares in ACM Research, Inc. (NASDAQ:ACMR) Acquired by Yong Rong HK Asset Management Ltd

Yong Rong HK Asset Management Ltd bought a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,000 shares of the specialty retailer’s stock, valued at approximately $2,265,000. ACM Research comprises approximately 1.0% of Yong Rong HK Asset Management Ltd’s portfolio, making the stock its 14th biggest holding. Yong Rong HK Asset Management Ltd owned about 0.26% of ACM Research at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ACMR. Geode Capital Management LLC lifted its stake in shares of ACM Research by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after purchasing an additional 26,620 shares during the last quarter. Portolan Capital Management LLC lifted its position in shares of ACM Research by 7.7% in the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after buying an additional 65,616 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of ACM Research by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock worth $8,239,000 after acquiring an additional 13,879 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of ACM Research during the 4th quarter worth about $5,782,000. Finally, Citigroup Inc. increased its holdings in shares of ACM Research by 8.7% during the 3rd quarter. Citigroup Inc. now owns 340,207 shares of the specialty retailer’s stock valued at $6,906,000 after acquiring an additional 27,178 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

ACM Research Stock Performance

ACMR opened at $26.04 on Friday. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $34.40. The firm has a market capitalization of $1.50 billion, a P/E ratio of 19.73 and a beta of 1.58. The stock’s 50 day moving average price is $18.59 and its two-hundred day moving average price is $18.47. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

Insider Transactions at ACM Research

In other news, insider David H. Wang sold 56,250 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the completion of the transaction, the insider now owns 654,256 shares of the company’s stock, valued at approximately $11,704,639.84. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the completion of the sale, the insider now owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their position. The disclosure for this sale can be found here. 31.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Craig Hallum cut ACM Research from a “buy” rating to a “hold” rating and decreased their target price for the stock from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC downgraded shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ACM Research has a consensus rating of “Moderate Buy” and an average price target of $30.00.

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.