Mirae Asset Global Investments Co. Ltd. Makes New $33,000 Investment in ACM Research, Inc. (NASDAQ:ACMR)

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,141 shares of the specialty retailer’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Erste Asset Management GmbH purchased a new position in shares of ACM Research in the 3rd quarter worth approximately $37,000. Truvestments Capital LLC purchased a new position in shares of ACM Research in the 3rd quarter worth approximately $72,000. CWM LLC boosted its stake in shares of ACM Research by 128.4% in the 3rd quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock worth $89,000 after buying an additional 2,478 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of ACM Research in the 3rd quarter worth approximately $203,000. Finally, Intech Investment Management LLC purchased a new position in ACM Research in the third quarter valued at approximately $254,000. 66.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACMR has been the topic of several research analyst reports. Needham & Company LLC downgraded ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Wednesday, December 4th. Craig Hallum downgraded ACM Research from a “buy” rating to a “hold” rating and dropped their price objective for the company from $30.00 to $18.00 in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 15,000 shares of the firm’s stock in a transaction on 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 directly owns 774,148 shares in the company, valued at $14,801,709.76. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total value of $1,006,312.50. Following the transaction, the insider now owns 654,256 shares of the company’s stock, valued at $11,704,639.84. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,098 shares of company stock valued at $2,886,117. 31.24% of the stock is currently owned by company insiders.

ACM Research Stock Up 2.5 %

Shares of ACM Research stock opened at $23.78 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $34.40. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 18.02 and a beta of 1.58. The company’s 50 day moving average price is $17.61 and its 200-day moving average price is $18.14.

ACM Research 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.