Mitsubishi UFJ Trust & Banking Corp Has $22.17 Million Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Mitsubishi UFJ Trust & Banking Corp lifted its position in ACM Research, Inc. (NASDAQ:ACMR) by 2,258.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,469,271 shares of the specialty retailer’s stock after purchasing an additional 1,406,968 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in ACM Research were worth $22,171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACMR. Vanguard Group Inc. raised its stake in shares of ACM Research by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer’s stock valued at $63,441,000 after buying an additional 67,255 shares in the last quarter. Panview Capital Ltd acquired a new position in ACM Research in the fourth quarter worth about $20,758,000. Geode Capital Management LLC lifted its stake in ACM Research by 2.3% during the third 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 period. Portolan Capital Management LLC boosted its holdings in ACM Research by 7.7% during the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after purchasing an additional 65,616 shares in the last quarter. Finally, Yiheng Capital Management L.P. grew its stake in shares of ACM Research by 2.1% in the 4th quarter. Yiheng Capital Management L.P. now owns 680,604 shares of the specialty retailer’s stock valued at $10,277,000 after purchasing an additional 14,300 shares during the period. 66.75% of the stock is owned by institutional investors.

Insider Transactions at ACM Research

In related news, insider Sotheara Cheav sold 22,598 shares of the company’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 transaction, the insider now owns 100,002 shares in the company, valued at $2,300,046. This represents a 18.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $1,494,562.50. Following the completion of the sale, the insider now owns 747,708 shares of the company’s stock, valued at $19,866,601.56. The trade was 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 Trading Down 3.2 %

ACMR stock opened at $26.92 on Friday. The business has a fifty day moving average price of $24.01 and a 200 day moving average price of $19.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $33.40. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 20.39 and a beta of 1.61.

Wall Street Analyst Weigh In

Several research firms recently commented on ACMR. JPMorgan Chase & Co. initiated 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. Needham & Company LLC reissued a “hold” rating on shares of ACM Research in a report on Thursday, February 27th. Finally, Craig Hallum raised shares of ACM Research from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

ACM Research 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.