Jackson Creek Investment Advisors LLC Sells 2,017 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Jackson Creek Investment Advisors LLC trimmed its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 3.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 65,864 shares of the specialty retailer’s stock after selling 2,017 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in ACM Research were worth $995,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Panview Capital Ltd acquired a new stake in ACM Research during the 4th quarter worth $20,758,000. Geode Capital Management LLC boosted its position in shares of ACM Research by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock worth $23,973,000 after purchasing an additional 26,620 shares during the last quarter. Portolan Capital Management LLC grew its stake in shares of ACM Research by 7.7% during the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after purchasing an additional 65,616 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in ACM Research by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 408,683 shares of the specialty retailer’s stock valued at $6,171,000 after purchasing an additional 2,825 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in ACM Research in the fourth quarter valued at about $5,782,000. 66.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ACM Research Price Performance

Shares of ACMR opened at $27.08 on Friday. The stock has a 50 day simple moving average of $20.66 and a 200 day simple moving average of $18.90. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $33.40. 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 firm has a market capitalization of $1.57 billion, a PE ratio of 20.52 and a beta of 1.61.

Insider Buying and Selling at ACM Research

In other news, insider Sotheara Cheav sold 22,598 shares of the stock in a transaction on Thursday, February 6th. The shares were 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 $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 31.24% of the company’s stock.

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.