Raymond James Financial Inc. Buy new position in ACM Research, Inc. (Nasdaq: ACMR)

Raymond James Financial Inc. bought a new position in the shares of ACM Research, Inc. (Nasdaq: ACMR – Free Report) During the fourth quarter, according to the company in its latest submission to the Insurance and Exchange Commission. The institutional investor bought 85,722 shares of the specialty retailer, worth approximately $ 1,294,000.

A number of other protective funds also recently bought and sold ACMR shares. Mira Asset Global Investments CO LTD won a new position in ACM Research’s shares during the 4th quarter worth approximately $ 33,000. Picton Mahoney Asset Management raised its position in ACM research by 66.2% during the fourth quarter. The Picton Mahoney Assset Management now owns 3,104 stocks of a specialty retail worth $ 47,000 after earning an additional 1,236 shares during this period. Federated Hermes Inc. raised its possessions in ACM research by 42.0% during the fourth quarter. Federated Hermes Inc. It now owns 8.270 stocks of a specialty retailer worth $ 125,000 after purchasing an additional 2,447 shares in the last quarter. IEQ Capital LLC won a new share in ACM Research’s shares in the fourth quarter worth about $ 162,000. Finally, Aristides Capital LLC bought a new share in ACM Research’s shares over the fourth quarter worth about $ 204,000. Protective funds and other institutional investors own 66.75% of the company’s shares.

Wall Street analyst weigh

ACMR has been the topic of a number of research reports. JPMORGAN CHASE & CO. assumed coverage of ACM Research’s stock on a research note on Friday, February 28th. They issued a “overweight” rating and a price of $ 36.00 in stock. Needham & Company LLC repeated an “held” rating for ACM Research shares in a research report on Thursday, February 27. Finally, Craig Hallum set up ACM research from an “holder” rating to a “Buy” rating on a research note on Wednesday, February 26th. One analyst has evaluated shares with a holding assessment and four issued a purchase assessment for the company. Based on Marketbeat data, ACM Research has an average estimate of “moderate purchase” and a target price of $ 29.40.

View our recent ACMR research report

ACM research stock performance

ACMR opened with $ 19.93 on Friday. ACM Research, Inc. It has a low twelve months of $ 13.87 and a twelve months high of $ 30.64. The firm has a market capitalization of $ 1.16 billion, a PE of 15.10 and a beta of 1.65. The company has a current ratio of 2.37, a rapid ratio of 1.34 and a debt-capacity ratio of 0.10. The average 50-day priest of the firm is $ 23.36 and its average price in motion 200 days is $ 20.15.

The underwear set their bets

In other ACM research news, Director Chenming Hu sold 163.308 stock shares of the firm in a transaction on Monday, March 17. The shares were sold at an average price of $ 30.00, for a total value of $ 4,899,240.00. Upon completion of the sale, the Director now directly owns 100,002 stock shares of the company, worth $ 3,000,060. This trade represents a 62.02 % reduction in their position. The sale was revealed in a legal submission to the Insurance and Exchange Commission, which is available through this link. Also, internal David H. Wang sold 56,250 shares of business shares to a Tuesday transaction, March 11. The shares were sold at an average price of $ 26.57, for a total transaction of $ 1,494,562.50. After the transaction, the inner now directly owns 747.708 shares in the company, worth approximately $ 19,866,601.56. Trade was a 7.00 % reduction in their position. The discovery for this sale can be found here. Insiders have sold 289,174 stock shares of the company worth $ 8,213,329 in the last ninety days. 31.24% of the shares are currently owned by corporate interior.

About ACM research

(Free report)

ACM Research, INC, along with its subsidiaries, develops, produces and sells single moisture cleaning equipment for improving the production process and yield for integrated chips worldwide. It provides alternate phase changing technology for the flat and patterned surfaces of the Mass, which uses alternative stages of megasonic waves to give megasonic energy in a uniform way at a microscopic level; Timely power bubble shaking technology for the surfaces of the Mass model in the advanced process joints, which provides cleaning for 2D and 3D model; Tahoe technology for distribution of cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.

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