Rockefeller Capital Management L.P. Has $220,000 Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

Rockefeller Capital Management L.P. trimmed its position in ACM Research, Inc. (NASDAQ:ACMR) by 14.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,846 shares of the specialty retailer’s stock after selling 1,767 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in ACM Research were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in ACM Research by 297.1% during the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after buying an additional 1,444 shares during the last quarter. Summit Global Investments bought a new position in ACM Research during the second quarter worth about $607,000. Bank of New York Mellon Corp boosted its holdings in ACM Research by 8.7% during the second quarter. Bank of New York Mellon Corp now owns 235,860 shares of the specialty retailer’s stock worth $5,439,000 after buying an additional 18,830 shares during the last quarter. Bailard Inc. bought a new position in ACM Research during the second quarter worth about $263,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in ACM Research by 9.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 408,135 shares of the specialty retailer’s stock worth $9,412,000 after buying an additional 34,066 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACMR. Craig Hallum lowered ACM Research from a “buy” rating to a “hold” rating and decreased their price objective for the company from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC lowered ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ACM Research has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Insiders Place Their Bets

In other ACM Research news, major shareholder Science & Technology Shanghai sold 26,300 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total transaction of $526,263.00. Following the transaction, the insider now owns 3,403,906 shares in the company, valued at $68,112,159.06. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Xiao Xing sold 8,304 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total value of $167,657.76. Following the sale, the director now directly owns 3,430,206 shares in the company, valued at approximately $69,255,859.14. This trade represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,244,016 shares of company stock worth $26,939,953 in the last 90 days. Company insiders own 31.24% of the company’s stock.

ACM Research Stock Down 1.1 %

ACMR opened at $15.60 on Thursday. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $34.40. The stock’s fifty day simple moving average is $18.75 and its 200 day simple moving average is $19.69. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The stock has a market cap of $898.65 million, a PE ratio of 11.82 and a beta of 1.49.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. The business had revenue of $204.00 million for the quarter, compared to analysts’ expectations of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, research analysts expect that ACM Research, Inc. will post 1.12 earnings per share for the current year.

ACM Research Company 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.