Belpointe Asset Management LLC Purchases New Holdings in ACM Research, Inc. $ACMR

Belpointe Asset Management LLC acquired a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,272 shares of the specialty retailer’s stock, valued at approximately $989,000.

A number of other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares in the last quarter. Headlands Technologies LLC bought a new position in ACM Research during the second quarter worth $114,000. Lazard Asset Management LLC raised its stake in ACM Research by 27.9% during the second quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer’s stock worth $135,000 after acquiring an additional 1,145 shares during the period. Strs Ohio acquired a new position in ACM Research in the first quarter valued at approximately $133,000. Finally, Mutual of America Capital Management LLC bought a new position in shares of ACM Research during the third quarter valued at approximately $231,000. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $54.68 on Friday. The company has a market cap of $3.27 billion, a P/E ratio of 31.79 and a beta of 1.46. ACM Research, Inc. has a 12-month low of $16.82 and a 12-month high of $57.05. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average is $42.59 and its two-hundred day moving average is $36.27.

ACM Research (NASDAQ:ACMR) last posted its quarterly 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). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The company had revenue of $269.16 million during the quarter, compared to analyst estimates of $251.72 million. During the same period last year, the company posted $0.63 earnings per share. The company’s revenue was up 32.0% compared to the same quarter last year. Equities analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on ACMR. Roth Mkm reissued a “buy” rating and issued a $40.00 price target on shares of ACM Research in a report on Wednesday, November 5th. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Insider Buying and Selling at ACM Research

In other 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 value of $3,320,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Feng sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $33.77, for a total transaction of $506,550.00. Following the sale, the insider owned 50,001 shares in the company, valued at approximately $1,688,533.77. The trade was a 23.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 265,000 shares of company stock valued at $8,849,150. 25.00% of the stock is currently owned by company insiders.

ACM Research 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.