ACM Research, Inc. (NASDAQ:ACMR) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 408,683 shares of the specialty retailer’s stock after purchasing an additional 2,825 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.71% of ACM Research worth $6,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ACMR. Erste Asset Management GmbH acquired a new position in ACM Research during the 3rd quarter worth $37,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ACM Research in the 4th quarter worth approximately $33,000. Truvestments Capital LLC acquired a new stake in ACM Research during the third quarter valued at approximately $72,000. Ieq Capital LLC acquired a new position in shares of ACM Research in the 4th quarter worth $162,000. Finally, Intech Investment Management LLC purchased a new position in shares of ACM Research in the third quarter worth approximately $254,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Trading Up 3.2 %

ACM Research stock opened at $27.74 on Tuesday. The business has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $19.67. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $33.40. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 21.02 and a beta of 1.61.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the sale, the director now directly owns 100,002 shares in the company, valued at approximately $3,000,060. The trade was a 62.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the transaction, the insider now owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 289,174 shares of company stock worth $8,213,329. Company insiders own 31.24% of the company’s stock.

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.