AlphaQuest LLC Sells 11,970 Shares of ACM Research, Inc. $ACMR

AlphaQuest LLC reduced its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 58.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,517 shares of the specialty retailer’s stock after selling 11,970 shares during the quarter. AlphaQuest LLC’s holdings in ACM Research were worth $333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of ACM Research by 39.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock valued at $59,631,000 after purchasing an additional 649,116 shares during the last quarter. Federated Hermes Inc. grew its position in ACM Research by 32.5% during the second quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock valued at $36,822,000 after buying an additional 348,936 shares during the period. Geode Capital Management LLC increased its holdings in ACM Research by 1.8% during the second quarter. Geode Capital Management LLC now owns 1,238,031 shares of the specialty retailer’s stock worth $32,069,000 after buying an additional 21,366 shares during the last quarter. Broad Bay Capital Management LP raised its position in ACM Research by 8.1% in the second quarter. Broad Bay Capital Management LP now owns 978,653 shares of the specialty retailer’s stock worth $25,347,000 after acquiring an additional 73,159 shares during the period. Finally, LSV Asset Management purchased a new position in ACM Research in the second quarter valued at about $11,523,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Performance

Shares of ACMR stock opened at $62.48 on Monday. The firm’s 50 day moving average is $45.78 and its 200 day moving average is $37.60. The stock has a market capitalization of $3.74 billion, a P/E ratio of 36.33 and a beta of 1.48. ACM Research, Inc. has a 12 month low of $16.82 and a 12 month high of $64.79. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10.

Insider Transactions at ACM Research

In other news, insider Fuping Chen sold 100,000 shares of ACM Research stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total value of $3,320,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Feng sold 15,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total value of $506,550.00. Following the sale, the insider owned 50,001 shares in the company, valued at approximately $1,688,533.77. The trade was a 23.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 265,000 shares of company stock valued at $8,849,150 over the last three months. Company insiders own 25.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ACMR shares. Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, Roth Mkm restated a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, ACM Research has a consensus rating of “Moderate Buy” and an average target price of $38.00.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.