ACM Research, Inc. $ACMR Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in ACM Research, Inc. (NASDAQ:ACMR) by 47.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,858 shares of the specialty retailer’s stock after acquiring an additional 12,468 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of ACM Research worth $1,006,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Inspire Investing LLC acquired a new position in ACM Research during the 1st quarter worth $655,000. Aberdeen Group plc acquired a new position in ACM Research during the 1st quarter worth $235,000. Pinpoint Asset Management Ltd grew its stake in ACM Research by 14.4% during the 1st quarter. Pinpoint Asset Management Ltd now owns 122,428 shares of the specialty retailer’s stock worth $2,857,000 after purchasing an additional 15,382 shares in the last quarter. GAMMA Investing LLC grew its stake in ACM Research by 4,309.2% during the 1st quarter. GAMMA Investing LLC now owns 19,092 shares of the specialty retailer’s stock worth $446,000 after purchasing an additional 18,659 shares in the last quarter. Finally, Bryce Point Capital LLC acquired a new position in ACM Research during the 1st quarter worth $761,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ACM Research

In other ACM Research news, insider Jian Wang sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $35.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the insider directly owned 253,158 shares of the company’s stock, valued at approximately $8,860,530. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David H. Wang sold 60,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $26.44, for a total value of $1,586,400.00. Following the sale, the insider directly owned 672,708 shares of the company’s stock, valued at $17,786,399.52. The trade was a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 256,152 shares of company stock valued at $7,549,160 in the last 90 days. Company insiders own 25.00% of the company’s stock.

ACM Research Stock Up 5.6%

Shares of NASDAQ ACMR opened at $38.63 on Tuesday. The stock has a market cap of $2.29 billion, a PE ratio of 23.41 and a beta of 1.42. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $45.12. The business has a 50-day moving average price of $31.75 and a 200 day moving average price of $26.91.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. The firm had revenue of $215.37 million during the quarter, compared to analysts’ expectations of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. Equities research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on ACMR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ACM Research in a research note on Wednesday, October 8th. Roth Capital reissued a “buy” rating and set a $50.00 target price (up from $40.00) on shares of ACM Research in a research note on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

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.