ACM Research, Inc. (NASDAQ:ACMR) Shares Bought by Yiheng Capital Management L.P.

Yiheng Capital Management L.P. lifted its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 680,604 shares of the specialty retailer’s stock after buying an additional 14,300 shares during the quarter. ACM Research makes up about 0.4% of Yiheng Capital Management L.P.’s holdings, making the stock its 13th largest position. Yiheng Capital Management L.P.’s holdings in ACM Research were worth $10,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rhumbline Advisers raised its position in ACM Research by 0.8% during the fourth quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer’s stock worth $1,113,000 after acquiring an additional 589 shares during the last quarter. Beacon Financial Advisory LLC increased its stake in shares of ACM Research by 7.1% during the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock worth $219,000 after purchasing an additional 960 shares in the last quarter. Arizona State Retirement System raised its position in shares of ACM Research by 7.3% during the 4th quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer’s stock worth $226,000 after purchasing an additional 1,017 shares during the last quarter. Picton Mahoney Asset Management lifted its stake in ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 1,236 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in ACM Research during the 3rd quarter valued at $37,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $27.50 on Friday. The company has a market cap of $1.60 billion, a P/E ratio of 20.83 and a beta of 1.61. The business has a fifty day simple moving average of $22.95 and a 200-day simple moving average of $19.49. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $33.40. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

Insiders Place Their Bets

In related news, Director Chenming Hu sold 163,308 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 100,002 shares of the company’s stock, valued at approximately $3,000,060. This trade represents a 62.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Haiping Dun sold 9,518 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $29.00, for a total transaction of $276,022.00. Following the transaction, the director now directly owns 755,090 shares in the company, valued at approximately $21,897,610. This represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 289,174 shares of company stock valued at $8,213,329. Insiders own 31.24% of the company’s stock.

About ACM Research

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.