Aristides Capital LLC Invests $204,000 in ACM Research, Inc. (NASDAQ:ACMR)

Aristides Capital LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,500 shares of the specialty retailer’s stock, valued at approximately $204,000.

A number of other institutional investors have also modified their holdings of ACMR. Charles Schwab Investment Management Inc. raised its position in ACM Research by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock valued at $8,239,000 after purchasing an additional 13,879 shares during the period. FMR LLC grew its position in shares of ACM Research by 507.4% during the third quarter. FMR LLC now owns 15,185 shares of the specialty retailer’s stock worth $308,000 after buying an additional 12,685 shares in the last quarter. Janus Henderson Group PLC increased its stake in ACM Research by 2.5% during the third quarter. Janus Henderson Group PLC now owns 117,125 shares of the specialty retailer’s stock valued at $2,378,000 after purchasing an additional 2,832 shares during the last quarter. XTX Topco Ltd bought a new position in shares of ACM Research in the 3rd quarter worth about $700,000. Finally, Barclays PLC raised its stake in ACM Research by 63.3% during the third quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock worth $2,793,000 after acquiring an additional 53,319 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Price Performance

Shares of ACMR opened at $20.30 on Monday. ACM Research, Inc. has a one year low of $13.87 and a one year high of $32.95. The stock’s fifty day moving average is $24.58 and its 200-day moving average is $20.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.38 and a beta of 1.65.

Analyst Upgrades and Downgrades

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

Insider Activity at ACM Research

In related news, Director Chenming Hu sold 163,308 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the transaction, the director now owns 100,002 shares in the company, valued at $3,000,060. This trade represents 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 available through the SEC website. Also, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the transaction, the insider now owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 289,174 shares of company stock worth $8,213,329 in the last 90 days. Corporate insiders own 31.24% of the company’s stock.

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.