Fmr LLC Acquires 12,685 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Fmr LLC grew its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 507.4% in the 3rd quarter, Holdings Channel reports. The fund owned 15,185 shares of the specialty retailer’s stock after purchasing an additional 12,685 shares during the quarter. Fmr LLC’s holdings in ACM Research were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cim LLC grew its position in shares of ACM Research by 8.6% in the 2nd quarter. Cim LLC now owns 16,788 shares of the specialty retailer’s stock valued at $387,000 after purchasing an additional 1,326 shares during the period. Sei Investments Co. increased its position in shares of ACM Research by 6.7% during the second quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer’s stock worth $501,000 after acquiring an additional 1,358 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of ACM Research by 7.6% during the second quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer’s stock worth $449,000 after acquiring an additional 1,382 shares in the last quarter. ClariVest Asset Management LLC lifted its position in ACM Research by 1.5% in the 2nd quarter. ClariVest Asset Management LLC now owns 131,914 shares of the specialty retailer’s stock valued at $3,042,000 after acquiring an additional 1,964 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in ACM Research by 15.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,628 shares of the specialty retailer’s stock worth $337,000 after purchasing an additional 1,970 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Insider Buying and Selling

In related news, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total transaction of $1,006,312.50. Following the completion of the transaction, the insider now owns 654,256 shares in the company, valued at approximately $11,704,639.84. This trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total value of $526,263.00. Following the transaction, the insider now directly owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,244,016 shares of company stock worth $26,939,953. Insiders own 31.24% of the company’s stock.

Analyst Ratings Changes

ACMR has been the topic of a number of research reports. Craig Hallum lowered ACM Research from a “buy” rating to a “hold” rating and cut their price target for the company from $30.00 to $18.00 in a report on Thursday, December 5th. Needham & Company LLC cut ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, ACM Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $14.91 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The business has a 50-day moving average of $17.87 and a 200-day moving average of $19.37. The stock has a market capitalization of $858.91 million, a price-to-earnings ratio of 11.30 and a beta of 1.48. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $34.40.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. The firm had revenue of $204.00 million during the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The business’s revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, sell-side analysts predict that ACM Research, Inc. will post 1.12 earnings per share for the current fiscal year.

ACM Research 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.