Inspire Investing LLC Has $2.47 Million Stake in ACM Research, Inc. $ACMR

Inspire Investing LLC lifted its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 16.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,712 shares of the specialty retailer’s stock after purchasing an additional 8,780 shares during the period. Inspire Investing LLC’s holdings in ACM Research were worth $2,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ACM Research by 10.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 3,065 shares during the period. Caxton Associates LLP bought a new position in ACM Research during the 1st quarter worth $250,000. Strs Ohio acquired a new stake in shares of ACM Research during the first quarter worth $133,000. Creative Planning acquired a new stake in shares of ACM Research during the second quarter worth $212,000. Finally, Norges Bank bought a new stake in shares of ACM Research in the second quarter valued at about $739,000. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $126.89 on Wednesday. The firm has a 50 day moving average of $78.19 and a 200-day moving average of $59.79. The stock has a market capitalization of $7.77 billion, a PE ratio of 96.86 and a beta of 2.01. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. ACM Research, Inc. has a 12 month low of $23.03 and a 12 month high of $127.19.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The business had revenue of $231.26 million for the quarter, compared to analyst estimates of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. On average, equities research analysts predict that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACMR has been the topic of several research reports. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Seaport Research Partners began coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Roth Mkm set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

Insiders Place Their Bets

In other news, insider David H. Wang sold 40,002 shares of ACM Research stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the transaction, the insider owned 802,708 shares in the company, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $331,100. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,752 shares of company stock valued at $11,012,198 over the last ninety days. Company insiders own 24.36% of the company’s stock.

ACM Research Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.