Central Asset Investments & Management Holdings HK Ltd Makes New $289,000 Investment in ACM Research, Inc. (NASDAQ:ACMR)

Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,167 shares of the specialty retailer’s stock, valued at approximately $289,000.

Several other large investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ACM Research in the 4th quarter worth $33,000. Erste Asset Management GmbH bought a new stake in shares of ACM Research in the 3rd quarter worth approximately $37,000. Truvestments Capital LLC bought a new stake in shares of ACM Research in the 3rd quarter worth approximately $72,000. Ieq Capital LLC acquired a new stake in shares of ACM Research during the 4th quarter worth approximately $162,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of ACM Research during the third quarter valued at approximately $203,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Stock Up 20.7 %

Shares of NASDAQ ACMR opened at $27.69 on Thursday. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $34.40. 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 business has a fifty day moving average of $18.91 and a two-hundred day moving average of $18.53. The stock has a market cap of $1.60 billion, a PE ratio of 20.98 and a beta of 1.58.

Insider Buying and Selling

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the sale, the insider now directly owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 31.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ACMR shares. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday. Needham & Company LLC lowered shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

ACM Research 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.