SG Americas Securities LLC Raises Stake in ACM Research, Inc. $ACMR

SG Americas Securities LLC grew its stake in ACM Research, Inc. (NASDAQ:ACMR) by 913.7% in the fourth quarter, Holdings Channel reports. The fund owned 229,481 shares of the specialty retailer’s stock after purchasing an additional 206,844 shares during the period. SG Americas Securities LLC’s holdings in ACM Research were worth $9,053,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ACM Research by 10.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 3,065 shares during the period. Caxton Associates LLP purchased a new position in ACM Research during the first quarter worth about $250,000. Strs Ohio acquired a new position in ACM Research in the 1st quarter valued at about $133,000. Creative Planning acquired a new position in ACM Research in the 2nd quarter valued at about $212,000. Finally, Franklin Resources Inc. grew its stake in shares of ACM Research by 10.3% in the 2nd quarter. Franklin Resources Inc. now owns 31,913 shares of the specialty retailer’s stock valued at $827,000 after buying an additional 2,990 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $40.07 on Monday. ACM Research, Inc. has a twelve month low of $16.82 and a twelve month high of $71.65. The company has a current ratio of 3.27, a quick ratio of 2.33 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $54.63 and a 200-day simple moving average of $44.16. The stock has a market capitalization of $2.43 billion, a PE ratio of 29.25 and a beta of 1.49.

Insider Buying and Selling

In related news, Director Tracy Liu sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the completion of the transaction, the director directly owned 110,772 shares in the company, valued at $5,248,377.36. This trade represents a 28.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 25.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ACMR shares. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 9th. Finally, Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $40.00.

About ACM Research

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.