Mitsubishi UFJ Trust & Banking Corp Sells 530,842 Shares of ACM Research, Inc. $ACMR

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 39.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 829,127 shares of the specialty retailer’s stock after selling 530,842 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in ACM Research were worth $32,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares during the period. Jones Financial Companies Lllp grew its position in ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 515 shares during the period. SBI Securities Co. Ltd. grew its position in ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 367 shares during the period. GAMMA Investing LLC grew its position in ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 299 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 1,122 shares during the period. 66.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other ACM Research news, Director Tracy Liu sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total value of $2,132,100.00. Following the completion of the transaction, the director directly owned 110,772 shares in the company, valued at $5,248,377.36. This represents a 28.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles C. Pappis sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $260,000. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 65,000 shares of company stock valued at $3,110,750. Company insiders own 25.00% of the company’s stock.

ACM Research Stock Performance

ACMR opened at $48.65 on Thursday. The firm has a market cap of $2.95 billion, a P/E ratio of 35.51 and a beta of 1.69. ACM Research, Inc. has a 1-year low of $17.85 and a 1-year high of $71.65. The company has a 50 day simple moving average of $49.44 and a two-hundred day simple moving average of $45.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.27 and a quick ratio of 2.33.

Analyst Upgrades and Downgrades

ACMR has been the subject of several recent research reports. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen lowered shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, ACM Research has a consensus rating of “Hold” and an average target price of $40.00.

ACM Research 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.