Vanguard Group Inc. Purchases 549,971 Shares of ACM Research, Inc. $ACMR

Vanguard Group Inc. grew its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,846,413 shares of the specialty retailer’s stock after buying an additional 549,971 shares during the period. Vanguard Group Inc. owned approximately 8.19% of ACM Research worth $189,640,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ACMR. Jones Financial Companies Lllp increased its position 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 acquiring an additional 515 shares during the period. SBI Securities Co. Ltd. grew its position in shares of ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 1,122 shares during the period. Headlands Technologies LLC acquired a new stake in shares of ACM Research in the second quarter valued at approximately $114,000. Finally, Lazard Asset Management LLC boosted its stake in shares of ACM Research by 27.9% in the second quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 1,145 shares during the period. Institutional investors own 66.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Zacks Research upgraded ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Roth Mkm reiterated a “buy” rating and set a $40.00 price objective on shares of ACM Research in a research note on Wednesday, November 5th. Finally, Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, ACM Research has an average rating of “Moderate Buy” and an average price target of $40.00.

ACM Research Trading Up 2.6%

ACMR opened at $57.11 on Tuesday. The company has a market cap of $3.42 billion, a P/E ratio of 41.69 and a beta of 1.49. 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 company’s 50 day moving average is $54.39 and its 200-day moving average is $41.64. ACM Research, Inc. has a 1-year low of $16.82 and a 1-year high of $71.65.

Insiders Place Their Bets

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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David H. Wang sold 60,000 shares of the company’s 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 completion of the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $27,388,396.96. The trade was a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 150,000 shares of company stock worth $5,022,600. Insiders own 25.00% of the company’s stock.

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.