ACM Research, Inc. $ACMR is Kerrisdale Advisers LLC’s 10th Largest Position

Kerrisdale Advisers LLC trimmed its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 72.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,570 shares of the specialty retailer’s stock after selling 161,185 shares during the period. ACM Research makes up about 2.0% of Kerrisdale Advisers LLC’s portfolio, making the stock its 10th biggest position. Kerrisdale Advisers LLC owned about 0.10% of ACM Research worth $7,940,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ACMR. Contravisory Investment Management Inc. boosted its holdings in ACM Research by 2.3% in the second quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after purchasing an additional 115 shares during the last quarter. Maryland State Retirement & Pension System grew its stake 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 worth $306,000 after purchasing an additional 168 shares during the period. GAMMA Investing LLC increased its holdings in shares of ACM Research by 14.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock valued at $183,000 after purchasing an additional 182 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of ACM Research by 1.0% during the 4th quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock valued at $901,000 after purchasing an additional 217 shares in the last quarter. Finally, First Growth Capital LLC lifted its stake in shares of ACM Research by 5.4% in the 1st quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 285 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Price Performance

NASDAQ:ACMR opened at $74.42 on Monday. The stock has a 50 day moving average of $88.88 and a two-hundred day moving average of $71.16. ACM Research, Inc. has a 12 month low of $26.10 and a 12 month high of $127.19. The firm has a market cap of $4.81 billion, a P/E ratio of 35.44 and a beta of 1.96. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The firm had revenue of $292.92 million for the quarter, compared to analyst estimates of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The business’s revenue was up 36.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. On average, analysts expect that ACM Research, Inc. will post 1.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ACMR shares. Craig Hallum reaffirmed a “buy” rating and issued a $100.00 price objective on shares of ACM Research in a report on Monday, August 10th. Morgan Stanley reissued an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Seaport Research Partners began coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, ACM Research currently has an average rating of “Buy” and a consensus price target of $122.75.

Insider Transactions at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the sale, the director directly owned 5,000 shares in the company, valued at $405,650. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David H. Wang sold 40,002 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at approximately $68,872,346.40. This represents a 4.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 123,752 shares of company stock valued at $10,826,748 over the last 90 days. 24.36% of the stock is currently owned by corporate 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.