ACM Research, Inc. $ACMR Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 79.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,840 shares of the specialty retailer’s stock after purchasing an additional 21,216 shares during the period. Teacher Retirement System of Texas owned 0.08% of ACM Research worth $1,239,000 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 in the 1st quarter valued at $655,000. Aberdeen Group plc acquired a new position in ACM Research in the 1st quarter valued at $235,000. Pinpoint Asset Management Ltd raised its holdings in ACM Research by 14.4% in the 1st quarter. Pinpoint Asset Management Ltd now owns 122,428 shares of the specialty retailer’s stock valued at $2,857,000 after acquiring an additional 15,382 shares during the last quarter. Bryce Point Capital LLC acquired a new position in ACM Research in the 1st quarter valued at $761,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in ACM Research by 48.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 33,889 shares of the specialty retailer’s stock valued at $812,000 after acquiring an additional 11,015 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ACM Research

In related news, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $26.44, for a total transaction of $1,586,400.00. Following the completion of the sale, the insider directly owned 672,708 shares of the company’s stock, valued at approximately $17,786,399.52. This represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tracy Liu sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $33.00, for a total transaction of $495,000.00. Following the sale, the director directly owned 110,772 shares of the company’s stock, valued at approximately $3,655,476. This trade represents a 11.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,152 shares of company stock valued at $7,549,160 in the last quarter. Company insiders own 25.00% of the company’s stock.

ACM Research Stock Down 19.9%

Shares of ACM Research stock opened at $31.14 on Thursday. The company has a fifty day moving average price of $36.27 and a 200 day moving average price of $29.19. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $45.12. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 18.87 and a beta of 1.44.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The business had revenue of $269.16 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same period last year, the company posted $0.63 earnings per share. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis. ACM Research has set its FY 2025 guidance at EPS. Equities research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACMR has been the subject of several analyst reports. Roth Capital reiterated a “buy” rating and issued a $40.00 price target on shares of ACM Research in a report on Wednesday. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ACM Research currently has an average rating of “Moderate Buy” and a consensus target price of $29.75.

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.