Bailard Inc. Invests $448,000 in ACM Research, Inc. $ACMR

Bailard Inc. bought a new position in ACM Research, Inc. (NASDAQ:ACMR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,300 shares of the specialty retailer’s stock, valued at approximately $448,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACMR. Caitong International Asset Management Co. Ltd increased its stake in ACM Research by 871.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 4,192 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of ACM Research in the first quarter valued at $114,000. Strs Ohio purchased a new position in shares of ACM Research in the first quarter valued at $133,000. Resona Asset Management Co. Ltd. increased its position in ACM Research by 14.9% in the second quarter. Resona Asset Management Co. Ltd. now owns 7,730 shares of the specialty retailer’s stock worth $199,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in ACM Research during the first quarter valued at $215,000. 66.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACMR has been the subject of a number of recent research reports. Roth Capital reissued a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a research note on Wednesday, November 5th. Zacks Research downgraded shares of ACM Research from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.75.

Insider Transactions at ACM Research

In related news, insider Sotheara Cheav sold 10,000 shares of the firm’s 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 $350,000.00. Following the completion of the sale, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $3,500,070. This trade represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $35.00, for a total value of $1,050,000.00. Following the completion of the transaction, the insider directly owned 253,158 shares in the company, valued at $8,860,530. This trade represents a 10.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 271,152 shares of company stock valued at $8,055,710. Company insiders own 25.00% of the company’s stock.

ACM Research Trading Down 3.5%

Shares of ACMR opened at $31.51 on Friday. The company’s fifty day simple moving average is $36.89 and its 200-day simple moving average is $29.72. The company has a market cap of $1.89 billion, a P/E ratio of 19.10 and a beta of 1.44. 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.

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