Charles Schwab Investment Management Inc. Has $6.17 Million Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

Charles Schwab Investment Management Inc. raised its position in ACM Research, Inc. (NASDAQ:ACMR) by 0.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 408,683 shares of the specialty retailer’s stock after purchasing an additional 2,825 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ACM Research were worth $6,171,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of ACM Research by 0.8% during the fourth quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer’s stock worth $1,113,000 after purchasing an additional 589 shares in the last quarter. Beacon Financial Advisory LLC increased its stake in shares of ACM Research by 7.1% in the 4th quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer’s stock valued at $219,000 after acquiring an additional 960 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of ACM Research in the 3rd quarter valued at approximately $37,000. FCG Investment Co grew its holdings in shares of ACM Research by 11.7% in the 4th quarter. FCG Investment Co now owns 19,782 shares of the specialty retailer’s stock valued at $299,000 after buying an additional 2,066 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ACM Research in the 4th quarter valued at $33,000. 66.75% of the stock is owned by institutional investors.

Insider Transactions at ACM Research

In other news, insider Sotheara Cheav sold 22,598 shares of ACM Research 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 completion of the sale, the insider now owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Haiping Dun sold 9,518 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $29.00, for a total transaction of $276,022.00. Following the completion of the transaction, the director now owns 755,090 shares in the company, valued at $21,897,610. This trade represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock worth $8,213,329 over the last quarter. Company insiders own 31.24% of the company’s stock.

ACM Research Stock Performance

Shares of ACMR stock opened at $27.74 on Tuesday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 21.02 and a beta of 1.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $33.40. The company has a 50-day simple moving average of $23.42 and a 200 day simple moving average of $19.67.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACMR. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research report on Friday, February 28th. They set an “overweight” rating and a $36.00 price objective for the company. Craig Hallum upgraded ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.40.

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.