Jackson Creek Investment Advisors LLC Has $995,000 Position in ACM Research, Inc. (NASDAQ:ACMR)

Jackson Creek Investment Advisors LLC decreased its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,864 shares of the specialty retailer’s stock after selling 2,017 shares during the quarter. Jackson Creek Investment Advisors LLC owned 0.11% of ACM Research worth $995,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Panview Capital Ltd acquired a new position in ACM Research in the fourth quarter worth about $20,758,000. Geode Capital Management LLC lifted its position in shares of ACM Research by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock worth $23,973,000 after buying an additional 26,620 shares during the period. Portolan Capital Management LLC boosted its stake in ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after buying an additional 65,616 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in ACM Research by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 408,683 shares of the specialty retailer’s stock valued at $6,171,000 after acquiring an additional 2,825 shares during the period. Finally, SG Americas Securities LLC acquired a new position in ACM Research during the fourth quarter worth $5,782,000. 66.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACMR. Needham & Company LLC reaffirmed a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. started coverage on shares of ACM Research in a research note on Friday, February 28th. They issued an “overweight” rating and a $36.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, ACM Research has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

Insider Activity

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the company’s stock in a transaction on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.24% of the stock is owned by insiders.

ACM Research Trading Up 2.3 %

ACMR opened at $27.08 on Friday. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $33.40. The stock has a market capitalization of $1.57 billion, a PE ratio of 20.52 and a beta of 1.61. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $20.66 and a two-hundred day moving average price of $18.90.

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.