Trexquant Investment LP Has $8.65 Million Position in ACM Research, Inc. (NASDAQ:ACMR)

Trexquant Investment LP increased its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 110.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 572,870 shares of the specialty retailer’s stock after purchasing an additional 300,622 shares during the quarter. Trexquant Investment LP’s holdings in ACM Research were worth $8,650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACMR. Erste Asset Management GmbH acquired a new stake in shares of ACM Research during the 3rd quarter worth approximately $37,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ACM Research during the fourth quarter worth $33,000. Picton Mahoney Asset Management increased its holdings in ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 1,236 shares during the period. Ieq Capital LLC bought a new stake in ACM Research in the 4th quarter valued at $162,000. Finally, Intech Investment Management LLC acquired a new position in shares of ACM Research in the 3rd quarter valued at $254,000. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Performance

NASDAQ ACMR opened at $22.35 on Friday. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $33.40. The company has a 50 day moving average of $24.55 and a 200-day moving average of $20.12. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 16.93 and a beta of 1.61.

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 37,500 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $27.30, for a total transaction of $1,023,750.00. Following the sale, the insider now owns 672,708 shares of the company’s stock, valued at $18,364,928.40. This represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 289,174 shares of company stock valued at $8,213,329 in the last three months. Corporate insiders own 31.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ACMR. Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “hold” rating on shares of ACM Research in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. assumed 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, ACM Research has an average rating of “Moderate Buy” and a consensus target price of $29.40.

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.