Leuthold Group LLC Purchases New Position in ACM Research, Inc. $ACMR

Leuthold Group LLC purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,362 shares of the specialty retailer’s stock, valued at approximately $330,000.

Several other large investors have also made changes to their positions in the company. Independent Advisor Alliance grew its stake in shares of ACM Research by 21.6% in the 4th quarter. Independent Advisor Alliance now owns 7,051 shares of the specialty retailer’s stock valued at $278,000 after buying an additional 1,254 shares in the last quarter. Hussman Strategic Advisors Inc. grew its stake in shares of ACM Research by 20.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the specialty retailer’s stock valued at $2,485,000 after buying an additional 10,500 shares in the last quarter. Nkcfo LLC bought a new stake in shares of ACM Research in the 4th quarter valued at approximately $710,000. New York State Teachers Retirement System grew its stake in shares of ACM Research by 212.1% in the 4th quarter. New York State Teachers Retirement System now owns 34,751 shares of the specialty retailer’s stock valued at $1,371,000 after buying an additional 23,616 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd bought a new stake in shares of ACM Research in the 4th quarter valued at approximately $2,367,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Price Performance

Shares of ACM Research stock opened at $63.67 on Monday. The stock has a market capitalization of $3.90 billion, a P/E ratio of 48.60 and a beta of 1.82. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $49.27 and a two-hundred day moving average price of $47.17. ACM Research, Inc. has a 12-month low of $21.87 and a 12-month high of $71.65.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The company’s revenue was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities analysts expect that ACM Research, Inc. will post 1.2 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Charles C. Pappis sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $260,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tracy Liu sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total value of $718,650.00. Following the transaction, the director owned 110,772 shares of the company’s stock, valued at approximately $5,307,086.52. This trade represents a 11.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 65,000 shares of company stock valued at $3,110,750 in the last ninety days. Company insiders own 25.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Seaport Research Partners initiated coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 target price for the company. Finally, Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, ACM Research has a consensus rating of “Hold” and a consensus price target of $40.00.

About ACM Research

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.