Panview Capital Ltd Invests $20.76 Million in ACM Research, Inc. (NASDAQ:ACMR)

Panview Capital Ltd bought a new position in ACM Research, Inc. (NASDAQ:ACMR) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,374,699 shares of the specialty retailer’s stock, valued at approximately $20,758,000. ACM Research accounts for approximately 4.4% of Panview Capital Ltd’s portfolio, making the stock its 8th largest holding.

Several other large investors have also recently modified their holdings of ACMR. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ACM Research in the fourth quarter worth about $33,000. Erste Asset Management GmbH purchased a new position in shares of ACM Research in the third quarter worth about $37,000. Truvestments Capital LLC purchased a new position in shares of ACM Research in the third quarter worth about $72,000. CWM LLC increased its stake in shares of ACM Research by 128.4% in the third quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock worth $89,000 after purchasing an additional 2,478 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of ACM Research in the fourth quarter worth about $162,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insiders Place Their Bets

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the transaction, the insider now owns 100,002 shares of the company’s stock, valued at $2,300,046. The trade was a 18.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David H. Wang sold 56,250 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the completion of the sale, the insider now directly owns 654,256 shares of the company’s stock, valued at $11,704,639.84. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 31.24% of the company’s stock.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $26.04 on Friday. The company has a 50 day moving average of $18.59 and a 200 day moving average of $18.47. The stock has a market cap of $1.50 billion, a P/E ratio of 19.73 and a beta of 1.58. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $34.40. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

Several equities analysts recently commented on ACMR shares. Needham & Company LLC cut shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research note on Wednesday, December 4th. Craig Hallum cut shares of ACM Research from a “buy” rating to a “hold” rating and reduced their price objective for the company from $30.00 to $18.00 in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

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.