Swiss National Bank Boosts Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

Swiss National Bank raised its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,700 shares of the specialty retailer’s stock after purchasing an additional 7,100 shares during the quarter. Swiss National Bank owned 0.18% of ACM Research worth $1,536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Panview Capital Ltd bought a new position in shares of ACM Research in the 4th quarter valued at about $20,758,000. Geode Capital Management LLC lifted its stake in shares of ACM Research by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after purchasing an additional 26,620 shares during the last quarter. Portolan Capital Management LLC boosted its holdings 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 purchasing an additional 65,616 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of ACM Research by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 408,683 shares of the specialty retailer’s stock valued at $6,171,000 after purchasing an additional 2,825 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in ACM Research during the 4th quarter valued at $5,782,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Stock Down 8.6 %

Shares of ACMR opened at $24.61 on Friday. The firm has a fifty day moving average price of $24.15 and a 200-day moving average price of $19.93. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.43 billion, a P/E ratio of 18.64 and a beta of 1.61. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $33.40.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research report on Friday, February 28th. They set an “overweight” rating and a $36.00 price objective on the stock. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC reissued 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 given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.40.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the transaction, the insider now owns 100,002 shares of the company’s stock, valued at $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock valued at $8,213,329 in the last three months. Company 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.