SG Americas Securities LLC bought a new stake in ACM Research, Inc. (NASDAQ:ACMR – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 382,905 shares of the specialty retailer’s stock, valued at approximately $5,782,000. SG Americas Securities LLC owned approximately 0.66% of ACM Research as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Erste Asset Management GmbH acquired a new position in ACM Research in the 3rd quarter worth $37,000. Truvestments Capital LLC purchased a new position in ACM Research in the third quarter valued at about $72,000. CWM LLC grew its stake in ACM Research by 128.4% during the 3rd quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock valued at $89,000 after purchasing an additional 2,478 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of ACM Research in the 2nd quarter valued at approximately $202,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of ACM Research during the 3rd quarter valued at approximately $203,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.
ACM Research Stock Performance
ACM Research stock opened at $18.60 on Friday. The company has a market cap of $1.07 billion, a PE ratio of 14.09 and a beta of 1.48. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $34.40. The company has a fifty day moving average price of $16.46 and a two-hundred day moving average price of $18.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.
Insider Transactions at ACM Research
In related news, insider David H. Wang sold 56,250 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.08, for a total value of $1,073,250.00. Following the sale, the insider now owns 710,506 shares of the company’s stock, valued at $13,556,454.48. This trade represents a 7.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Haiping Dun sold 15,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $19.12, for a total transaction of $286,800.00. Following the completion of the transaction, the director now owns 774,148 shares of the company’s stock, valued at approximately $14,801,709.76. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,500 shares of company stock worth $2,366,363. 31.24% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several analysts recently issued reports on ACMR shares. Needham & Company LLC cut shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Wednesday, December 4th. Craig Hallum lowered shares of ACM Research from a “buy” rating to a “hold” rating and cut their target price for the company from $30.00 to $18.00 in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.
Check Out Our Latest Stock Analysis on ACM Research
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.
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