Amalgamated Bank Buys 13,550 Shares of ACM Research, Inc. $ACMR

Amalgamated Bank grew its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 763.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,325 shares of the specialty retailer’s stock after buying an additional 13,550 shares during the quarter. Amalgamated Bank’s holdings in ACM Research were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ACMR. SG Americas Securities LLC purchased a new stake in ACM Research in the third quarter worth about $886,000. State of Alaska Department of Revenue purchased a new position in shares of ACM Research during the 3rd quarter valued at about $1,011,000. Congress Asset Management Co. grew its stake in shares of ACM Research by 43.0% during the 3rd quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer’s stock valued at $11,032,000 after acquiring an additional 84,747 shares during the period. Teacher Retirement System of Texas increased its holdings 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 worth $1,239,000 after acquiring an additional 21,216 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in ACM Research during the 3rd quarter worth approximately $2,028,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACMR has been the subject of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $40.00 price target 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 report on Monday, January 5th. Finally, Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, ACM Research presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Insider Activity

In other ACM Research news, insider Fuping Chen sold 100,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $33.20, for a total transaction of $3,320,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David H. Wang sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total transaction of $2,314,200.00. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at $26,537,526.48. This trade represents a 8.02% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 265,000 shares of company stock worth $8,849,150. 25.00% of the stock is currently owned by insiders.

ACM Research Stock Up 5.5%

Shares of ACMR stock opened at $53.95 on Wednesday. The company’s fifty day simple moving average is $41.60 and its two-hundred day simple moving average is $36.01. ACM Research, Inc. has a 52 week low of $16.80 and a 52 week high of $56.30. The stock has a market cap of $3.23 billion, a P/E ratio of 31.37 and a beta of 1.46. 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 (NASDAQ:ACMR) last issued its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The firm had revenue of $269.16 million during the quarter, compared to the consensus estimate of $251.72 million. During the same period last year, the firm posted $0.63 earnings per share. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. Analysts predict that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

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.