Savvy Advisors Inc. Acquires Shares of 7,943 ACM Research, Inc. $ACMR

Savvy Advisors Inc. acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,943 shares of the specialty retailer’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in ACM Research by 396.3% in the third quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after acquiring an additional 269,094 shares during the period. SG Americas Securities LLC purchased a new position in shares of ACM Research during the 3rd quarter valued at approximately $886,000. Hussman Strategic Advisors Inc. acquired a new position in shares of ACM Research in the 3rd quarter valued at $2,054,000. State of Alaska Department of Revenue purchased a new stake in ACM Research during the third quarter worth $1,011,000. Finally, Congress Asset Management Co. boosted its holdings in ACM Research by 43.0% during the third quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer’s stock worth $11,032,000 after buying an additional 84,747 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ACMR shares. Wall Street Zen cut shares of ACM Research from a “hold” rating to a “sell” rating in a report on Saturday. Roth Mkm restated a “buy” rating and set a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Finally, Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ACM Research currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Insider Buying and Selling

In other ACM Research 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 value of $661,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $27,388,396.96. The trade was a 6.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 250,000 shares of company stock worth $8,342,600 over the last ninety days. Corporate insiders own 25.00% of the company’s stock.

ACM Research Trading Up 1.2%

ACMR stock opened at $64.84 on Monday. ACM Research, Inc. has a 12-month low of $16.82 and a 12-month high of $71.65. The business’s 50-day moving average is $48.89 and its 200 day moving average is $38.79. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 37.70 and a beta of 1.48.

ACM Research Company Profile

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.