WCM Investment Management LLC Increases Holdings in ACM Research, Inc. $ACMR

WCM Investment Management LLC lifted its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 16,878.8% in the 1st quarter, Holdings Channel reports. The firm owned 1,860,874 shares of the specialty retailer’s stock after acquiring an additional 1,849,914 shares during the period. WCM Investment Management LLC’s holdings in ACM Research were worth $70,583,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 480 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of ACM Research in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its stake in ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 1,122 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

Insider Transactions at ACM Research

In other news, insider Sotheara Cheav sold 5,399 shares of ACM Research stock in a transaction on Friday, June 5th. The stock was sold at an average price of $83.18, for a total transaction of $449,088.82. Following the completion of the sale, the insider directly owned 100,002 shares in the company, valued at approximately $8,318,166.36. This trade represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at $331,100. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 123,752 shares of company stock worth $10,752,198. 24.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ACMR has been the subject of a number of analyst reports. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Roth Capital set a $125.00 target price on ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $127.50.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $83.92 on Monday. ACM Research, Inc. has a fifty-two week low of $23.03 and a fifty-two week high of $127.19. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 64.06 and a beta of 1.90. The business’s 50 day moving average price is $89.59 and its 200-day moving average price is $65.11.

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

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.