Cwm LLC Raises Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Cwm LLC grew its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 128.4% during the third quarter, Holdings Channel reports. The institutional investor owned 4,408 shares of the specialty retailer’s stock after purchasing an additional 2,478 shares during the quarter. Cwm LLC’s holdings in ACM Research were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ACMR. Picton Mahoney Asset Management bought a new stake in shares of ACM Research during the 2nd quarter valued at $59,000. Lazard Asset Management LLC raised its stake in shares of ACM Research by 1,197.6% during the 1st quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after purchasing an additional 2,970 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of ACM Research during the 2nd quarter valued at $99,000. Palouse Capital Management Inc. bought a new stake in shares of ACM Research during the 2nd quarter valued at $105,000. Finally, Federated Hermes Inc. raised its stake in shares of ACM Research by 453.7% during the 2nd quarter. Federated Hermes Inc. now owns 6,002 shares of the specialty retailer’s stock valued at $138,000 after purchasing an additional 4,918 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

ACMR has been the topic of a number of analyst reports. Roth Mkm decreased their price objective on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of ACM Research in a research note on Tuesday, October 1st. Finally, Benchmark restated a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th.

Insider Transactions at ACM Research

In other news, major shareholder Science & Technology Shanghai sold 26,300 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total value of $526,263.00. Following the completion of the transaction, the insider now directly owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Xiao Xing sold 8,304 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total transaction of $167,657.76. Following the completion of the sale, the director now directly owns 3,430,206 shares in the company, valued at $69,255,859.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total value of $526,263.00. Following the sale, the insider now owns 3,403,906 shares of the company’s stock, valued at $68,112,159.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,116,516 shares of company stock worth $24,573,590. 31.24% of the stock is currently owned by corporate insiders.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $19.52 on Friday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 14.79 and a beta of 1.52. The company has a quick ratio of 1.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $18.68 and its two-hundred day simple moving average is $21.52. ACM Research, Inc. has a twelve month low of $12.53 and a twelve month high of $34.40.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.25. The business had revenue of $202.50 million for the quarter, compared to analyst estimates of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. As a group, equities analysts anticipate that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.