700,000 Shares in ACM Research, Inc. (NASDAQ:ACMR) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 700,000 shares of the specialty retailer’s stock, valued at approximately $10,549,000.

A number of other institutional investors also recently made changes to their positions in the stock. ProShare Advisors LLC raised its holdings in shares of ACM Research by 45.8% in the fourth quarter. ProShare Advisors LLC now owns 21,516 shares of the specialty retailer’s stock worth $325,000 after acquiring an additional 6,762 shares during the last quarter. Man Group plc acquired a new position in shares of ACM Research in the fourth quarter worth $370,000. Oasis Management Co Ltd. raised its holdings in shares of ACM Research by 29.8% in the fourth quarter. Oasis Management Co Ltd. now owns 373,709 shares of the specialty retailer’s stock worth $5,643,000 after acquiring an additional 85,830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of ACM Research by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer’s stock worth $438,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of ACM Research by 29.8% in the fourth quarter. Janus Henderson Group PLC now owns 152,005 shares of the specialty retailer’s stock worth $2,295,000 after acquiring an additional 34,880 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other ACM Research news, Director Chenming Hu sold 163,308 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the completion of the sale, the director now owns 100,002 shares of the company’s stock, valued at approximately $3,000,060. The trade was a 62.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Haiping Dun sold 9,518 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the sale, the director now directly owns 755,090 shares of the company’s stock, valued at approximately $21,897,610. This trade represents a 1.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 266,576 shares of company stock valued at $7,693,575 over the last quarter. Company insiders own 31.24% of the company’s stock.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $24.33 on Friday. The company has a market cap of $1.43 billion, a P/E ratio of 18.43 and a beta of 1.57. 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, Inc. has a 52 week low of $13.87 and a 52 week high of $30.64. The business has a fifty day simple moving average of $22.71 and a 200-day simple moving average of $20.35.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ACMR shares. Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. Craig Hallum raised ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. started coverage on ACM Research in a report on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.40.

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.