Zurcher Kantonalbank Zurich Cantonalbank Has $705,000 Stake in ACM Research, Inc. $ACMR

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 117.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,878 shares of the specialty retailer’s stock after acquiring an additional 9,653 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ACM Research were worth $705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACMR. Farther Finance Advisors LLC lifted its position in ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 308 shares during the last quarter. Jones Financial Companies Lllp lifted its position in ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 515 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 1,122 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in ACM Research by 38.8% during the 4th quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.00.

ACM Research Stock Up 0.9%

Shares of ACMR opened at $52.15 on Friday. The company has a 50-day simple moving average of $49.16 and a 200-day simple moving average of $45.79. The firm has a market capitalization of $3.19 billion, a P/E ratio of 38.07 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. ACM Research, Inc. has a 52 week low of $19.09 and a 52 week high of $71.65.

Insider Transactions at ACM Research

In other news, Director Tracy Liu sold 45,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the completion of the transaction, the director owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. This represents a 28.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles C. Pappis sold 5,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $260,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,000 shares of company stock valued at $3,110,750 in the last ninety days. 25.00% of the stock is owned by company insiders.

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.