Kendall Capital Management Buys 6,520 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Kendall Capital Management grew its stake in ACM Research, Inc. (NASDAQ:ACMR) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,605 shares of the specialty retailer’s stock after purchasing an additional 6,520 shares during the quarter. Kendall Capital Management owned about 0.08% of ACM Research worth $674,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in ACM Research in the 4th quarter worth $33,000. Erste Asset Management GmbH bought a new position in ACM Research in the 3rd quarter worth $37,000. Truvestments Capital LLC bought a new position in shares of ACM Research in the 3rd quarter worth about $72,000. Ieq Capital LLC bought a new position in shares of ACM Research in the 4th quarter worth about $162,000. Finally, 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 worth $219,000 after acquiring an additional 960 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Up 2.3 %

NASDAQ:ACMR opened at $27.08 on Monday. The firm has a market cap of $1.57 billion, a P/E ratio of 20.52 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 fifty-two week low of $13.87 and a fifty-two week high of $33.40. The firm has a 50-day simple moving average of $20.66 and a two-hundred day simple moving average of $18.89.

Analyst Ratings Changes

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

Insider Buying and Selling at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction dated 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 directly owns 100,002 shares in the company, valued at approximately $2,300,046. This trade represents a 18.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.24% of the stock is owned by company insiders.

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.