Handelsbanken Fonder AB Takes Position in ACM Research, Inc. $ACMR

Handelsbanken Fonder AB bought a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,900 shares of the specialty retailer’s stock, valued at approximately $627,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of ACM Research by 396.3% in the third 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 during the period. Hussman Strategic Advisors Inc. purchased a new position in shares of ACM Research in the third quarter valued at $2,054,000. Vanguard Group Inc. boosted its stake in shares of ACM Research by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the period. Belpointe Asset Management LLC purchased a new position in shares of ACM Research in the third quarter valued at $989,000. Finally, Public Sector Pension Investment Board purchased a new position in shares of ACM Research in the third quarter valued at $8,026,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

ACM Research Trading Up 2.5%

NASDAQ ACMR opened at $88.64 on Thursday. ACM Research, Inc. has a 12 month low of $21.87 and a 12 month high of $89.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 67.66 and a beta of 1.82. The company’s fifty day moving average price is $53.68 and its two-hundred day moving average price is $49.20.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s revenue was up 34.2% compared to the same quarter last year. As a group, research analysts predict that ACM Research, Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $331,100. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tracy Liu sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the completion of the transaction, the director owned 110,772 shares in the company, valued at approximately $5,248,377.36. The trade was a 28.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,000 shares of company stock worth $3,441,850 in the last ninety days. 25.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Seaport Research Partners assumed coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 target price for the company. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, ACM Research presently has an average rating of “Hold” and an average target price of $40.00.

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.