Spire Wealth Management Acquires Shares of 1,500 ACM Research, Inc. (NASDAQ:ACMR)

Spire Wealth Management purchased a new stake in shares of ACM Research, Inc. (NASDAQ:ACMRFree Report) in the 3rd quarter, HoldingsChannel reports. The fund purchased 1,500 shares of the specialty retailer’s stock, valued at approximately $27,000.

Other institutional investors have also modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of ACM Research by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 56,894 shares of the specialty retailer’s stock worth $744,000 after acquiring an additional 855 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of ACM Research by 166.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 937 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of ACM Research by 210.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 1,188 shares in the last quarter. Royal Bank of Canada grew its stake in ACM Research by 42.4% during the 2nd quarter. Royal Bank of Canada now owns 5,748 shares of the specialty retailer’s stock worth $75,000 after buying an additional 1,712 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in ACM Research by 3.5% during the 3rd quarter. Alliancebernstein L.P. now owns 50,673 shares of the specialty retailer’s stock worth $631,000 after buying an additional 1,717 shares during the last quarter. 59.31% of the stock is currently owned by institutional investors.

ACM Research Trading Up 4.9 %

Shares of NASDAQ:ACMR opened at $19.23 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 2.32 and a debt-to-equity ratio of 0.05. ACM Research, Inc. has a 52-week low of $8.75 and a 52-week high of $22.47. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 17.68 and a beta of 1.26. The business has a 50-day moving average price of $18.48 and a 200-day moving average price of $17.13.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ACMR. The Goldman Sachs Group raised their price target on ACM Research from $19.50 to $22.10 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Roth Mkm increased their price objective on shares of ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Benchmark reissued a “buy” rating and set a $32.00 target price on shares of ACM Research in a research report on Wednesday, November 8th. Finally, Needham & Company LLC upped their price target on shares of ACM Research from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Get Our Latest Stock Report on ACMR

Insider Buying and Selling

In other news, Director Haiping Dun sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $17.66, for a total value of $264,900.00. Following the sale, the director now directly owns 874,074 shares of the company’s stock, valued at approximately $15,436,146.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ACM Research news, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $17.66, for a total transaction of $264,900.00. Following the completion of the transaction, the director now owns 874,074 shares in the company, valued at approximately $15,436,146.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tracy Liu sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 110,772 shares in the company, valued at approximately $2,215,440. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,500 shares of company stock worth $2,426,100. 33.63% of the stock is owned by company insiders.

ACM Research Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ACM Research (NASDAQ:ACMR)

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