AM Squared Ltd Purchases New Stake in ACM Research, Inc. (NASDAQ:ACMR)

AM Squared Ltd purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,100 shares of the specialty retailer’s stock, valued at approximately $177,000.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in ACM Research by 1.5% during the 3rd quarter. BlackRock Inc. now owns 3,145,237 shares of the specialty retailer’s stock worth $39,190,000 after buying an additional 47,486 shares during the period. Vanguard Group Inc. raised its position in ACM Research by 11.1% in the third quarter. Vanguard Group Inc. now owns 2,421,765 shares of the specialty retailer’s stock valued at $30,176,000 after purchasing an additional 242,699 shares during the last quarter. Goldman Sachs Group Inc. raised its position in ACM Research by 363.6% in the second quarter. Goldman Sachs Group Inc. now owns 2,053,683 shares of the specialty retailer’s stock valued at $34,564,000 after purchasing an additional 1,610,702 shares during the last quarter. Millennium Management LLC raised its position in ACM Research by 1,133.6% in the fourth quarter. Millennium Management LLC now owns 1,843,704 shares of the specialty retailer’s stock valued at $14,215,000 after purchasing an additional 1,694,246 shares during the last quarter. Finally, State Street Corp raised its position in ACM Research by 8.8% in the third quarter. State Street Corp now owns 962,210 shares of the specialty retailer’s stock valued at $11,989,000 after purchasing an additional 78,169 shares during the last quarter. Institutional investors own 59.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ACMR shares. The Goldman Sachs Group increased their target price on ACM Research from $14.20 to $16.20 and gave the company a “neutral” rating in a research report on Friday, September 1st. Benchmark restated a “buy” rating and set a $32.00 price objective on shares of ACM Research in a research report on Monday, August 7th. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of ACM Research in a research report on Monday, August 7th. Finally, Jefferies Financial Group upgraded ACM Research from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $23.40 in a research report on Monday, July 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.92.

ACM Research Trading Down 4.1 %

Shares of ACMR stock opened at $17.79 on Wednesday. The company has a market cap of $978.19 million, a P/E ratio of 17.44 and a beta of 1.10. The stock has a 50 day simple moving average of $14.49 and a two-hundred day simple moving average of $12.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.15 and a current ratio of 2.18. ACM Research, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $19.99.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Friday, August 4th. The specialty retailer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.38. The business had revenue of $144.58 million during the quarter, compared to the consensus estimate of $113.32 million. ACM Research had a return on equity of 9.04% and a net margin of 14.48%. Research analysts forecast that ACM Research, Inc. will post 1.12 earnings per share for the current year.

Insiders Place Their Bets

In other ACM Research news, insider Lisa Feng sold 22,500 shares of ACM Research stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $15.00, for a total value of $337,500.00. Following the completion of the sale, the insider now directly owns 50,001 shares in the company, valued at $750,015. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other ACM Research news, insider Lisa Feng sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $15.00, for a total value of $337,500.00. Following the completion of the sale, the insider now owns 50,001 shares of the company’s stock, valued at $750,015. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Fuping Chen sold 105,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $15.00, for a total value of $1,575,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 189,598 shares of company stock worth $2,897,057. 33.63% of the stock is owned by corporate insiders.

ACM Research Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.