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

Mitsubishi UFJ Trust & Banking Corp boosted its stake in ACM Research, Inc. (NASDAQ:ACMR) by 2,258.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,469,271 shares of the specialty retailer’s stock after buying an additional 1,406,968 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 2.55% of ACM Research worth $22,171,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ACMR. Janney Montgomery Scott LLC grew its stake in shares of ACM Research by 35.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer’s stock valued at $1,067,000 after buying an additional 18,617 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of ACM Research during the 4th quarter worth $5,782,000. Barclays PLC raised its holdings in shares of ACM Research by 63.3% during the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock valued at $2,793,000 after purchasing an additional 53,319 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of ACM Research in the 3rd quarter valued at $700,000. Finally, Truist Financial Corp bought a new stake in ACM Research in the fourth quarter worth $299,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

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

ACM Research Trading Down 3.2 %

Shares of NASDAQ:ACMR opened at $26.92 on Friday. 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 company has a market cap of $1.56 billion, a P/E ratio of 20.39 and a beta of 1.61. The stock’s 50-day moving average is $24.01 and its 200-day moving average is $19.87.

Insider Activity at ACM Research

In related news, Director Haiping Dun sold 9,518 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total transaction of $276,022.00. Following the completion of the transaction, the director now directly owns 755,090 shares in the company, valued at $21,897,610. This represents a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owns 100,002 shares of the company’s stock, valued at approximately $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock worth $8,213,329 in the last 90 days. 31.24% of the stock is owned by company insiders.

ACM Research Company 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.