ACM Research, Inc. (NASDAQ:ACMR) Shares Bought by Panview Asian Equity Master Fund

Panview Asian Equity Master Fund increased its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 264.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,057,753 shares of the specialty retailer’s stock after purchasing an additional 767,753 shares during the period. ACM Research accounts for 13.8% of Panview Asian Equity Master Fund’s investment portfolio, making the stock its 3rd largest holding. Panview Asian Equity Master Fund’s holdings in ACM Research were worth $20,668,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in ACM Research in the third quarter valued at approximately $27,000. Federated Hermes Inc. bought a new stake in ACM Research in the 3rd quarter valued at $46,000. DekaBank Deutsche Girozentrale acquired a new stake in ACM Research during the 3rd quarter valued at $68,000. Counterpoint Mutual Funds LLC bought a new position in ACM Research during the third quarter worth $140,000. Finally, Versor Investments LP acquired a new position in shares of ACM Research in the third quarter valued at $182,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Trading Up 6.4 %

ACMR traded up $1.64 during trading on Tuesday, hitting $27.39. The company’s stock had a trading volume of 1,794,356 shares, compared to its average volume of 1,668,850. The firm has a market capitalization of $1.54 billion, a P/E ratio of 23.41 and a beta of 1.39. ACM Research, Inc. has a twelve month low of $8.75 and a twelve month high of $34.40. The stock’s fifty day moving average price is $27.52 and its 200-day moving average price is $21.32. The company has a quick ratio of 1.26, a current ratio of 2.35 and a debt-to-equity ratio of 0.06.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. The firm had revenue of $170.30 million for the quarter, compared to analyst estimates of $149.54 million. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The business’s quarterly revenue was up 57.0% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. Analysts anticipate that ACM Research, Inc. will post 1.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, February 29th. Roth Mkm boosted their price objective on ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Needham & Company LLC increased their price objective on ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Benchmark lifted their target price on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $31.88.

Insider Buying and Selling at ACM Research

In other news, Director Tracy Liu sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $315,000.00. Following the sale, the director now owns 110,772 shares of the company’s stock, valued at $2,791,454.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other ACM Research news, Director Tracy Liu sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total value of $315,000.00. Following the sale, the director now owns 110,772 shares of the company’s stock, valued at approximately $2,791,454.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Haiping Dun sold 19,434 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $27.70, for a total transaction of $538,321.80. Following the sale, the director now owns 855,090 shares in the company, valued at approximately $23,685,993. The disclosure for this sale can be found here. Insiders sold 149,434 shares of company stock worth $4,375,572 in the last quarter. 33.63% of the stock is currently owned by company insiders.

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.