SPX Gestao de Recursos Ltda Takes Position in ACM Research, Inc. $ACMR

SPX Gestao de Recursos Ltda purchased a new position in ACM Research, Inc. (NASDAQ:ACMR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,815 shares of the specialty retailer’s stock, valued at approximately $1,753,000.

Several other institutional investors and hedge funds have also bought and sold shares of ACMR. Farther Finance Advisors LLC lifted its holdings in shares of ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 308 shares during the period. Hantz Financial Services Inc. increased its stake in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. Leonteq Securities AG acquired a new position in ACM Research during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 1,122 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in ACM Research by 381.0% during the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 861 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

ACM Research Price Performance

ACM Research stock opened at $74.42 on Friday. The stock has a 50-day moving average price of $88.88 and a two-hundred day moving average price of $71.10. ACM Research, Inc. has a 12 month low of $26.10 and a 12 month high of $127.19. The company has a market capitalization of $4.81 billion, a PE ratio of 35.44 and a beta of 1.96. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The business had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. During the same period last year, the company earned $0.54 EPS. The firm’s revenue was up 36.0% compared to the same quarter last year. Analysts expect that ACM Research, Inc. will post 1.68 EPS for the current year.

Wall Street Analysts Forecast Growth

ACMR has been the topic of a number of research analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $100.00 target price on shares of ACM Research in a report on Monday, August 10th. Seaport Research Partners initiated coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Roth Capital set a $125.00 price target on shares of ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $122.75.

Insider Activity

In other news, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $405,650. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the transaction, the insider owned 802,708 shares in the company, valued at approximately $72,283,855.40. This trade represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 123,752 shares of company stock valued at $10,826,748. Insiders own 24.36% 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.