Zurcher Kantonalbank Zurich Cantonalbank Has $705,000 Position in ACM Research, Inc. $ACMR

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 117.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,878 shares of the specialty retailer’s stock after buying an additional 9,653 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ACM Research were worth $705,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ACM Research by 10.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 3,065 shares during the period. Caxton Associates LLP bought a new stake in ACM Research in the first quarter valued at about $250,000. Strs Ohio bought a new stake in ACM Research in the first quarter valued at about $133,000. Creative Planning bought a new stake in ACM Research in the second quarter valued at about $212,000. Finally, Norges Bank bought a new stake in ACM Research in the second quarter valued at about $739,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Stock Performance

NASDAQ ACMR opened at $52.15 on Friday. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.19 billion, a P/E ratio of 38.07 and a beta of 1.83. ACM Research, Inc. has a twelve month low of $19.09 and a twelve month high of $71.65. The company’s 50-day simple moving average is $49.16 and its 200 day simple moving average is $45.79.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday, March 8th. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, 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. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.00.

Insider Activity

In other ACM Research news, Director Tracy Liu sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $47.91, for a total transaction of $718,650.00. Following the sale, the director directly owned 110,772 shares of the company’s stock, valued at approximately $5,307,086.52. This represents a 11.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles C. Pappis sold 5,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the director directly owned 5,000 shares in the company, valued at $260,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 65,000 shares of company stock worth $3,110,750 over the last ninety days. Insiders own 25.00% of the company’s stock.

ACM Research Company 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.