Rhumbline Advisers Boosts Stake in ACM Research, Inc. (NASDAQ:ACMR)

Rhumbline Advisers raised its position in ACM Research, Inc. (NASDAQ:ACMR) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,739 shares of the specialty retailer’s stock after buying an additional 589 shares during the period. Rhumbline Advisers’ holdings in ACM Research were worth $1,113,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Financial Advisory LLC increased its stake in ACM Research by 7.1% in the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock valued at $219,000 after buying an additional 960 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ACM Research in the 4th quarter valued at about $33,000. FCG Investment Co increased its stake in ACM Research by 11.7% in the 4th quarter. FCG Investment Co now owns 19,782 shares of the specialty retailer’s stock valued at $299,000 after buying an additional 2,066 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in ACM Research by 35.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer’s stock valued at $1,067,000 after buying an additional 18,617 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in ACM Research in the 4th quarter valued at about $5,782,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analysts Set New Price Targets

ACMR has been the subject of several analyst reports. JPMorgan Chase & Co. assumed coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a research report on Thursday, February 27th. Finally, Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Insider Buying and Selling

In related news, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the transaction, the insider now directly owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This trade represents a 18.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.24% of the stock is owned by insiders.

ACM Research Stock Up 4.4 %

ACM Research stock opened at $26.66 on Thursday. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $33.40. The firm has a 50 day moving average price of $20.20 and a 200-day moving average price of $18.80. The company has a market capitalization of $1.54 billion, a P/E ratio of 20.20 and a beta of 1.58. 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 Company 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.