ACM Research, Inc. $ACMR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in ACM Research, Inc. (NASDAQ:ACMR) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,609 shares of the specialty retailer’s stock after selling 10,331 shares during the period. Bank of New York Mellon Corp’s holdings in ACM Research were worth $12,380,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Maryland State Retirement & Pension System increased its position in shares of ACM Research by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after purchasing an additional 168 shares during the period. MML Investors Services LLC raised its stake in shares of ACM Research by 1.0% in the 4th quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after buying an additional 217 shares in the last quarter. First Growth Capital LLC lifted its holdings in shares of ACM Research by 5.4% in the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 285 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in ACM Research by 7.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock valued at $157,000 after buying an additional 416 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $78.47 on Friday. ACM Research, Inc. has a one year low of $23.03 and a one year high of $127.19. The business’s 50-day moving average price is $92.57 and its two-hundred day moving average price is $67.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The company has a market capitalization of $4.80 billion, a P/E ratio of 59.90 and a beta of 1.90.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ACMR. Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of ACM Research in a research report on Tuesday, July 21st. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Roth Capital 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, Seaport Research Partners began coverage on shares of ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 target price for the company. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, ACM Research currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Insiders Place Their Bets

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sotheara Cheav sold 13,351 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the completion of the sale, the insider directly owned 100,002 shares in the company, valued at $8,515,170.30. This trade represents a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 123,752 shares of company stock valued at $10,752,198 in the last three months. 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.