Rhumbline Advisers Purchases 589 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Rhumbline Advisers grew its position in ACM Research, Inc. (NASDAQ:ACMR) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,739 shares of the specialty retailer’s stock after purchasing an additional 589 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of ACM Research worth $1,113,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in ACM Research by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after buying an additional 26,620 shares during the period. Portolan Capital Management LLC raised its position in shares of ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after acquiring an additional 65,616 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $8,239,000 after purchasing 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 valued at about $5,782,000. Finally, Citigroup Inc. grew its stake in ACM Research by 8.7% during the third quarter. Citigroup Inc. now owns 340,207 shares of the specialty retailer’s stock worth $6,906,000 after purchasing an additional 27,178 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $26.66 on Thursday. The firm’s 50-day moving average price is $20.20 and its 200-day moving average price is $18.80. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $33.40. The firm has a market capitalization of $1.54 billion, a P/E ratio of 20.20 and a beta of 1.58. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

Insider Activity

In related news, insider Sotheara Cheav sold 22,598 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the sale, the insider now owns 100,002 shares in the company, valued at $2,300,046. This represents a 18.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 31.24% of the company’s stock.

Wall Street Analyst Weigh In

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

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.