Strs Ohio Raises Stake in ACM Research, Inc. $ACMR

Strs Ohio increased its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 131.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,500 shares of the specialty retailer’s stock after acquiring an additional 8,800 shares during the period. Strs Ohio’s holdings in ACM Research were worth $610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ACM Research by 10.6% during the first 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 last quarter. Caxton Associates LLP bought a new position in ACM Research during the 1st quarter valued at approximately $250,000. Creative Planning bought a new position in ACM Research during the 2nd quarter valued at approximately $212,000. Norges Bank purchased a new position in ACM Research during the second quarter valued at $739,000. Finally, EverSource Wealth Advisors LLC raised its stake in ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 1,122 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seaport Research Partners assumed coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Roth Capital set a $125.00 price target on shares of ACM Research and gave the stock a “buy” rating in a research note 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 note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, ACM Research has an average rating of “Moderate Buy” and an average price target of $127.50.

ACM Research Trading Up 8.1%

Shares of NASDAQ:ACMR opened at $106.04 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. ACM Research, Inc. has a 1 year low of $23.03 and a 1 year high of $127.19. The company has a market cap of $6.49 billion, a P/E ratio of 80.95 and a beta of 1.90. The stock’s fifty day moving average price is $85.02 and its 200-day moving average price is $62.90.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The company had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same period last year, the company earned $0.46 EPS. ACM Research’s revenue for the quarter was up 34.2% on a year-over-year basis. Sell-side analysts expect that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Insider Activity at ACM Research

In related news, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $260,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the sale, the director owned 5,000 shares of the company’s stock, valued at approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,752 shares of company stock worth $11,012,198 in the last three months. 24.36% of the stock is currently owned by company insiders.

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.