Dodge & Cox Acquires 10,592 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Dodge & Cox lifted its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 24.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 53,592 shares of the specialty retailer’s stock after purchasing an additional 10,592 shares during the period. Dodge & Cox owned 0.09% of ACM Research worth $809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guggenheim Capital LLC acquired a new stake in ACM Research in the 4th quarter valued at about $332,000. Mariner LLC increased its holdings in shares of ACM Research by 50.8% in the fourth quarter. Mariner LLC now owns 24,239 shares of the specialty retailer’s stock valued at $366,000 after purchasing an additional 8,164 shares in the last quarter. Raymond James Financial Inc. bought a new position in ACM Research in the 4th quarter worth approximately $1,294,000. Legal & General Group Plc raised its position in ACM Research by 11.4% in the 4th quarter. Legal & General Group Plc now owns 55,787 shares of the specialty retailer’s stock worth $842,000 after purchasing an additional 5,712 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in ACM Research by 42.0% during the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer’s stock worth $125,000 after buying an additional 2,447 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at ACM Research

In related news, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $26.57, for a total value of $1,494,562.50. Following the sale, the insider now owns 747,708 shares of the company’s stock, valued at approximately $19,866,601.56. The trade was a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Haiping Dun sold 9,518 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the completion of the sale, the director now directly owns 755,090 shares of the company’s stock, valued at approximately $21,897,610. The trade was a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 289,174 shares of company stock valued at $8,213,329 over the last three months. Company insiders own 31.24% of the company’s stock.

ACM Research Stock Up 1.7 %

ACM Research stock opened at $20.50 on Wednesday. The stock has a market capitalization of $1.19 billion, a PE ratio of 15.53 and a beta of 1.65. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $30.64. The company has a 50 day moving average of $24.53 and a 200-day moving average of $20.25. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

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.