Federated Hermes Inc. Decreases Stock Position in ACM Research, Inc. $ACMR

Federated Hermes Inc. trimmed its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 25.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,061,236 shares of the specialty retailer’s stock after selling 360,452 shares during the period. Federated Hermes Inc. owned 1.79% of ACM Research worth $41,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 1,122 shares during the last quarter. Headlands Technologies LLC purchased a new stake in ACM Research in the 2nd quarter valued at approximately $114,000. Strs Ohio purchased a new stake in ACM Research in the 1st quarter valued at approximately $133,000. Lazard Asset Management LLC grew its holdings in ACM Research by 27.9% during the 2nd quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 1,145 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in ACM Research by 7.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock worth $157,000 after buying an additional 416 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analysts Set New Price Targets

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

ACM Research Stock Performance

NASDAQ ACMR opened at $54.68 on Friday. The business’s 50-day moving average price is $42.59 and its 200 day moving average price is $36.27. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a twelve month low of $16.82 and a twelve month high of $57.05. The company has a market capitalization of $3.27 billion, a PE ratio of 31.79 and a beta of 1.46.

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

Insiders Place Their Bets

In other ACM Research news, insider David H. Wang sold 70,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total transaction of $2,314,200.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Fuping Chen sold 100,000 shares of ACM Research 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 265,000 shares of company stock valued at $8,849,150 over the last quarter. 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.