Quest Partners LLC Makes New $175,000 Investment in ACM Research, Inc. (NASDAQ:ACMR)

Quest Partners LLC bought a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,598 shares of the specialty retailer’s stock, valued at approximately $175,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hussman Strategic Advisors Inc. boosted its holdings in ACM Research by 0.3% in the 1st quarter. Hussman Strategic Advisors Inc. now owns 157,500 shares of the specialty retailer’s stock valued at $4,590,000 after purchasing an additional 500 shares in the last quarter. Swiss National Bank boosted its stake in shares of ACM Research by 1.2% in the first quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock valued at $2,558,000 after buying an additional 1,000 shares in the last quarter. Trexquant Investment LP grew its holdings in ACM Research by 8.1% during the fourth quarter. Trexquant Investment LP now owns 18,543 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 1,383 shares during the period. CWM LLC raised its position in ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 1,444 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in ACM Research by 16.7% in the first quarter. ProShare Advisors LLC now owns 12,908 shares of the specialty retailer’s stock valued at $376,000 after acquiring an additional 1,850 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of ACM Research in a report on Thursday, August 8th. Roth Mkm decreased their price target 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. Finally, Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a research note on Wednesday, August 7th.

ACM Research Stock Performance

Shares of ACMR opened at $16.80 on Monday. The company has a 50-day moving average of $19.10 and a two-hundred day moving average of $23.69. The stock has a market cap of $957.38 million, a P/E ratio of 12.73 and a beta of 1.52. ACM Research, Inc. has a 12-month low of $12.53 and a 12-month high of $34.40. The company has a current ratio of 2.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. The firm 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%. ACM Research’s revenue was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, research analysts predict 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.