CoreCap Advisors LLC Purchases 15,065 Shares of ACM Research, Inc. $ACMR

CoreCap Advisors LLC grew its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 1,323.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,203 shares of the specialty retailer’s stock after purchasing an additional 15,065 shares during the quarter. CoreCap Advisors LLC’s holdings in ACM Research were worth $634,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ACMR. Inspire Investing LLC acquired a new stake in shares of ACM Research during the 1st quarter worth $655,000. Congress Asset Management Co. lifted its position in shares of ACM Research by 43.0% during the third quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer’s stock worth $11,032,000 after purchasing an additional 84,747 shares in the last quarter. Teacher Retirement System of Texas boosted its position in ACM Research by 79.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 47,840 shares of the specialty retailer’s stock valued at $1,239,000 after buying an additional 21,216 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in ACM Research during the 1st quarter valued at approximately $3,902,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ACM Research during the second quarter worth approximately $471,000. Institutional investors own 66.75% of the company’s stock.

Insider Buying and Selling at ACM Research

In other news, insider Lisa Feng sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $33.77, for a total value of $506,550.00. Following the completion of the sale, the insider directly owned 50,001 shares of the company’s stock, valued at $1,688,533.77. This represents a 23.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David H. Wang sold 70,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $2,314,200.00. Following the sale, the insider directly owned 802,708 shares in the company, valued at $26,537,526.48. The trade was a 8.02% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 265,000 shares of company stock worth $8,849,150. Insiders own 25.00% of the company’s stock.

ACM Research Stock Performance

NASDAQ ACMR opened at $53.22 on Friday. ACM Research, Inc. has a 52-week low of $14.97 and a 52-week high of $53.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 30.94 and a beta of 1.46. The company’s fifty day moving average is $37.07 and its two-hundred day moving average is $33.87.

ACM Research (NASDAQ:ACMR) last posted its 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). The business had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The business’s revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. Equities research analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current year.

Analyst Upgrades and Downgrades

ACMR has been the subject of several research reports. Roth Capital reiterated a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ACM Research in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.