Raymond James Financial Services Advisors Inc. Has $744,000 Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 38,085 shares of the specialty retailer’s stock after selling 824 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in ACM Research were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of ACMR. Spire Wealth Management acquired a new position in ACM Research during the 3rd quarter valued at $27,000. Advisor Group Holdings Inc. raised its stake in ACM Research by 166.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 937 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in ACM Research by 210.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 1,188 shares during the last quarter. Federated Hermes Inc. acquired a new position in ACM Research during the 3rd quarter valued at $46,000. Finally, Tower Research Capital LLC TRC raised its stake in ACM Research by 205.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,968 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 2,670 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Stock Performance

ACM Research stock opened at $28.84 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. ACM Research, Inc. has a 1 year low of $8.75 and a 1 year high of $34.40. The company has a market cap of $1.62 billion, a PE ratio of 24.65 and a beta of 1.39. The company’s 50-day moving average is $26.39 and its two-hundred day moving average is $20.94.

ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The company had revenue of $170.30 million for the quarter, compared to the consensus estimate of $149.54 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was up 57.0% compared to the same quarter last year. Equities analysts anticipate that ACM Research, Inc. will post 1.22 earnings per share for the current year.

Analyst Ratings Changes

ACMR has been the topic of several analyst reports. Needham & Company LLC boosted their price target on shares of ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, February 29th. Roth Mkm upped their target price on shares of ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, Benchmark increased their price objective on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $31.88.

Insider Activity at ACM Research

In related news, insider David H. Wang sold 90,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.36, for a total value of $2,732,400.00. Following the sale, the insider now directly owns 591,107 shares in the company, valued at approximately $17,946,008.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider David H. Wang sold 90,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.36, for a total value of $2,732,400.00. Following the sale, the insider now directly owns 591,107 shares in the company, valued at approximately $17,946,008.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Haiping Dun sold 19,434 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $27.70, for a total transaction of $538,321.80. Following the sale, the director now owns 855,090 shares in the company, valued at $23,685,993. The disclosure for this sale can be found here. Insiders have sold 149,434 shares of company stock worth $4,375,572 in the last ninety days. Company insiders own 33.63% of the company’s stock.

About ACM Research

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.