Oregon Public Employees Retirement Fund Purchases Shares of 12,100 ACM Research, Inc. $ACMR

Oregon Public Employees Retirement Fund purchased a new position in ACM Research, Inc. (NASDAQ:ACMR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,100 shares of the specialty retailer’s stock, valued at approximately $473,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in ACM Research by 39.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock worth $59,631,000 after acquiring an additional 649,116 shares during the last quarter. Federated Hermes Inc. increased its position in shares of ACM Research by 32.5% in the second quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock worth $36,822,000 after purchasing an additional 348,936 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ACM Research by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,238,031 shares of the specialty retailer’s stock worth $32,069,000 after purchasing an additional 21,366 shares during the last quarter. Broad Bay Capital Management LP raised its stake in ACM Research by 8.1% in the second quarter. Broad Bay Capital Management LP now owns 978,653 shares of the specialty retailer’s stock valued at $25,347,000 after purchasing an additional 73,159 shares in the last quarter. Finally, LSV Asset Management bought a new stake in ACM Research during the second quarter valued at approximately $11,523,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACMR. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings lowered shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Roth Capital reissued a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

ACM Research Trading Up 2.7%

Shares of ACMR opened at $53.62 on Monday. ACM Research, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $54.83. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 31.17 and a beta of 1.46. The firm has a 50 day moving average price of $38.82 and a 200-day moving average price of $34.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The business had revenue of $269.16 million during the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter in the previous year, the business earned $0.63 EPS. ACM Research’s revenue for the quarter was up 32.0% compared to the same quarter last year. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Insider Activity at ACM Research

In related news, insider David H. Wang sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the transaction, the insider directly owned 802,708 shares in the company, valued at $27,388,396.96. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction that occurred on 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 transaction, the insider directly owned 50,001 shares in the company, valued at $1,688,533.77. This trade represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 265,000 shares of company stock worth $8,849,150 in the last ninety days. 25.00% of the stock is owned by company insiders.

ACM Research Company Profile

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.