SG Americas Securities LLC Makes New Investment in ACM Research, Inc. $ACMR

SG Americas Securities LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 22,637 shares of the specialty retailer’s stock, valued at approximately $886,000.

Other large investors have also recently made changes to their positions in the company. CoreCap Advisors LLC raised its holdings in shares of ACM Research by 1,323.8% in the 3rd quarter. CoreCap Advisors LLC now owns 16,203 shares of the specialty retailer’s stock valued at $634,000 after purchasing an additional 15,065 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in ACM Research in the third quarter valued at $353,000. Blue Trust Inc. raised its stake in ACM Research by 8.1% in the third quarter. Blue Trust Inc. now owns 5,997 shares of the specialty retailer’s stock valued at $235,000 after buying an additional 449 shares in the last quarter. Inspire Investing LLC purchased a new stake in ACM Research during the 3rd quarter worth about $1,154,000. Finally, Vontobel Holding Ltd. boosted its position in shares of ACM Research by 10.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 22,610 shares of the specialty retailer’s stock worth $885,000 after acquiring an additional 2,059 shares in the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

ACM Research Trading Up 2.7%

ACMR opened at $53.62 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 52 week low of $16.80 and a 52 week high of $54.83. The business’s 50 day moving average is $39.23 and its two-hundred day moving average is $35.02. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 31.17 and a beta of 1.46.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (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 for the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter last year, the business posted $0.63 earnings per share. The business’s revenue was up 32.0% on a year-over-year basis. On average, research analysts predict that ACM Research, Inc. will post 1.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings cut shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Roth Capital restated a “buy” rating and issued a $40.00 target price on shares of ACM Research in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Insider Transactions at ACM Research

In related news, insider David H. Wang sold 60,000 shares of the firm’s stock in a transaction dated 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 owned 802,708 shares of the company’s stock, valued at $27,388,396.96. This trade represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Lisa Feng sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total value of $506,550.00. Following the sale, the insider directly owned 50,001 shares of the company’s stock, valued at approximately $1,688,533.77. This represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 265,000 shares of company stock worth $8,849,150. Company insiders own 25.00% of the company’s stock.

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.