Savvy Advisors Inc. Takes Position in ACM Research, Inc. $ACMR

Savvy Advisors Inc. acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,943 shares of the specialty retailer’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACMR. Principal Financial Group Inc. lifted its stake in shares of ACM Research by 396.3% during the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock worth $13,187,000 after purchasing an additional 269,094 shares during the last quarter. SG Americas Securities LLC purchased a new position in ACM Research in the third quarter valued at about $886,000. Hussman Strategic Advisors Inc. bought a new position in ACM Research in the third quarter worth about $2,054,000. State of Alaska Department of Revenue purchased a new stake in shares of ACM Research during the third quarter valued at about $1,011,000. Finally, Congress Asset Management Co. boosted its holdings in shares of ACM Research by 43.0% in the 3rd quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer’s stock valued at $11,032,000 after buying an additional 84,747 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $2,314,200.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $26,537,526.48. This represents a 8.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Fuping Chen sold 100,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total transaction of $3,320,000.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 250,000 shares of company stock valued at $8,342,600. Company insiders own 25.00% of the company’s stock.

ACM Research Price Performance

Shares of ACMR opened at $64.84 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The company’s fifty day moving average price is $48.89 and its 200-day moving average price is $38.79. ACM Research, Inc. has a 1-year low of $16.82 and a 1-year high of $71.65. The firm has a market capitalization of $3.88 billion, a PE ratio of 37.70 and a beta of 1.48.

Wall Street Analyst Weigh In

Several research firms recently commented on ACMR. Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen lowered ACM Research from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.00.

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.