23,600 Shares in ACM Research, Inc. $ACMR Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) during the 1st quarter, HoldingsChannel reports. The firm purchased 23,600 shares of the specialty retailer’s stock, valued at approximately $929,000.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares during the period. Hantz Financial Services Inc. grew its position in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of ACM Research during the fourth quarter worth approximately $28,000. GAMMA Investing LLC increased its stake in shares of ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after buying an additional 299 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 1,122 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Stock Performance

Shares of ACM Research stock opened at $97.77 on Monday. The firm has a market capitalization of $5.99 billion, a P/E ratio of 74.63 and a beta of 1.90. ACM Research, Inc. has a 52 week low of $23.03 and a 52 week high of $127.19. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $81.33 and its two-hundred day moving average is $61.17.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The company’s revenue was up 34.2% compared to the same quarter last year. Research analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Insider Activity at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles C. Pappis sold 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at $260,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,752 shares of company stock valued at $11,012,198 over the last quarter. 24.36% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ACMR. 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. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Roth Mkm set a $125.00 price objective on shares of ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Seaport Research Partners began coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, ACM Research presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

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.