Zurcher Kantonalbank Zurich Cantonalbank Has $206,000 Stake in ACM Research, Inc. (NASDAQ:ACMR)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in ACM Research, Inc. (NASDAQ:ACMR) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,568 shares of the specialty retailer’s stock after selling 2,159 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ACM Research were worth $206,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Trexquant Investment LP boosted its stake in shares of ACM Research by 7.5% in the 3rd quarter. Trexquant Investment LP now owns 17,160 shares of the specialty retailer’s stock valued at $311,000 after purchasing an additional 1,198 shares during the last quarter. Spire Wealth Management bought a new position in ACM Research in the third quarter valued at approximately $27,000. Federated Hermes Inc. acquired a new stake in ACM Research during the 3rd quarter worth $46,000. Deutsche Bank AG raised its position in shares of ACM Research by 14.3% during the 3rd quarter. Deutsche Bank AG now owns 24,672 shares of the specialty retailer’s stock valued at $447,000 after acquiring an additional 3,087 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of ACM Research in the 3rd quarter valued at $68,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Stock Performance

ACMR stock opened at $27.33 on Wednesday. ACM Research, Inc. has a 1-year low of $9.10 and a 1-year high of $34.40. The business’s 50-day moving average price is $28.89 and its two-hundred day moving average price is $21.88. The firm has a market cap of $1.56 billion, a PE ratio of 23.36 and a beta of 1.42. 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 (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.27. The business had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $149.54 million. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. ACM Research’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. As a group, research analysts forecast that ACM Research, Inc. will post 1.22 earnings per share for the current year.

Insider Transactions at ACM Research

In related news, insider Sotheara Cheav sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $29.09, for a total value of $145,450.00. Following the sale, the insider now directly owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ACM Research news, insider Sotheara Cheav sold 5,000 shares of ACM Research stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total value of $145,450.00. Following the sale, the insider now owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David H. Wang sold 90,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 591,107 shares in the company, valued at $17,946,008.52. The disclosure for this sale can be found here. Insiders sold 149,434 shares of company stock valued at $4,375,572 over the last quarter. Corporate insiders own 33.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.