Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes $831,000 Position in ACM Research, Inc. $ACMR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,248 shares of the specialty retailer’s stock, valued at approximately $831,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LSV Asset Management increased its stake in ACM Research by 462.9% in the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after buying an additional 2,059,405 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of ACM Research by 39.3% during the second 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 period. Vanguard Group Inc. raised its holdings in ACM Research by 12.8% during the third quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock worth $189,640,000 after purchasing an additional 549,971 shares in the last quarter. Federated Hermes Inc. lifted its position in ACM Research by 32.5% in the second quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock valued at $36,822,000 after purchasing an additional 348,936 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in ACM Research by 396.3% in the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after purchasing an additional 269,094 shares in the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ACMR. Wall Street Zen downgraded ACM Research from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Roth Mkm reiterated a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a research report on Wednesday, November 5th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Finally, Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, ACM Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Insiders Place Their Bets

In other ACM Research news, insider Fuping Chen sold 20,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total transaction of $661,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $34.12, for a total value of $2,047,200.00. Following the completion of the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $27,388,396.96. This trade represents a 6.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 250,000 shares of company stock worth $8,342,600. 25.00% of the stock is owned by insiders.

ACM Research Stock Performance

Shares of ACMR opened at $66.59 on Monday. ACM Research, Inc. has a 12-month low of $16.82 and a 12-month high of $71.65. The stock has a market cap of $3.99 billion, a P/E ratio of 38.72 and a beta of 1.48. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $51.58 and a two-hundred day moving average of $40.07.

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.