205,115 Shares in ACM Research, Inc. $ACMR Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 205,115 shares of the specialty retailer’s stock, valued at approximately $8,026,000.

A number of other large investors have also recently bought and sold shares of ACMR. Savvy Advisors Inc. bought a new position in ACM Research in the 3rd quarter valued at about $311,000. LSV Asset Management lifted its holdings in shares of ACM Research by 462.9% during the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after acquiring an additional 2,059,405 shares during the period. Rhumbline Advisers boosted its position in shares of ACM Research by 81.4% during the 3rd quarter. Rhumbline Advisers now owns 147,794 shares of the specialty retailer’s stock worth $5,783,000 after acquiring an additional 66,329 shares in the last quarter. SBI Securities Co. Ltd. raised its position in ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 367 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 515 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACMR has been the topic of several recent analyst reports. Zacks Research upgraded ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Roth Mkm reiterated a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Wall Street Zen cut shares of ACM Research from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings lowered shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, ACM Research currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

ACM Research Stock Performance

Shares of ACMR stock opened at $65.18 on Wednesday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 37.90 and a beta of 1.49. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $50.02 and its 200-day moving average price is $39.28. ACM Research, Inc. has a 12 month low of $16.82 and a 12 month high of $71.65.

Insider Buying and Selling

In related news, insider Fuping Chen sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total transaction of $661,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $34.12, for a total value of $2,047,200.00. Following the transaction, the insider directly owned 802,708 shares in the company, valued at $27,388,396.96. The trade was a 6.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 250,000 shares of company stock worth $8,342,600 over the last three months. Insiders own 25.00% of the company’s stock.

ACM Research 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.