Guggenheim Capital LLC Invests $332,000 in ACM Research, Inc. (NASDAQ:ACMR)

Guggenheim Capital LLC bought a new position in ACM Research, Inc. (NASDAQ:ACMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,981 shares of the specialty retailer’s stock, valued at approximately $332,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of ACM Research by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer’s stock worth $63,441,000 after buying an additional 67,255 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of ACM Research by 2,258.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock valued at $22,171,000 after purchasing an additional 1,406,968 shares in the last quarter. Panview Capital Ltd purchased a new position in shares of ACM Research during the 4th quarter valued at approximately $20,758,000. Pertento Partners LLP grew its position in shares of ACM Research by 22.3% during the fourth quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer’s stock worth $17,894,000 after buying an additional 215,744 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of ACM Research by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer’s stock worth $17,896,000 after buying an additional 4,131 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 9,518 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total transaction of $276,022.00. Following the completion of the transaction, the director now owns 755,090 shares of the company’s stock, valued at approximately $21,897,610. The trade was a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Chenming Hu sold 163,308 shares of the business’s stock in a transaction 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 directly owns 100,002 shares of the company’s stock, valued at approximately $3,000,060. This trade represents a 62.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock worth $8,213,329 over the last 90 days. Insiders own 31.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ACMR. Craig Hallum upgraded shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. began coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ACM Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

ACM Research Stock Up 1.7 %

ACMR stock opened at $21.23 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $30.64. The firm has a fifty day moving average price of $23.93 and a two-hundred day moving average price of $20.18. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 16.08 and a beta of 1.65.

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.