Bank of New York Mellon Corp Has $3.17 Million Stake in ACM Research, Inc. (NASDAQ:ACMR)

Bank of New York Mellon Corp lifted its position in ACM Research, Inc. (NASDAQ:ACMR) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,909 shares of the specialty retailer’s stock after purchasing an additional 21,024 shares during the quarter. Bank of New York Mellon Corp’s holdings in ACM Research were worth $3,170,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACMR. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ACM Research in the fourth quarter valued at $33,000. Erste Asset Management GmbH acquired a new position in shares of ACM Research in the third quarter valued at $37,000. Truvestments Capital LLC acquired a new position in shares of ACM Research in the third quarter valued at $72,000. Ieq Capital LLC acquired a new position in shares of ACM Research in the fourth quarter valued at $162,000. Finally, Beacon Financial Advisory LLC raised its stake in shares of ACM Research by 7.1% in the fourth quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock valued at $219,000 after purchasing an additional 960 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. started coverage on ACM Research in a research report on Friday, February 28th. They issued an “overweight” rating and a $36.00 price target on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ACM Research in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.40.

Insider Transactions at ACM Research

In other news, insider Sotheara Cheav sold 22,598 shares of the 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 sale, the insider now owns 100,002 shares in the company, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $26.57, for a total value of $1,494,562.50. Following the completion of the transaction, the insider now owns 747,708 shares in the company, valued at approximately $19,866,601.56. This represents a 7.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 289,174 shares of company stock worth $8,213,329. Insiders own 31.24% of the company’s stock.

ACM Research Price Performance

Shares of ACMR stock opened at $29.22 on Thursday. The stock’s fifty day moving average is $22.71 and its 200-day moving average is $19.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The stock has a market capitalization of $1.70 billion, a PE ratio of 22.14 and a beta of 1.61. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $33.40.

About ACM Research

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.