IFG Advisory LLC Makes New Investment in ACM Research, Inc. $ACMR

IFG Advisory LLC purchased a new position in ACM Research, Inc. (NASDAQ:ACMR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,250 shares of the specialty retailer’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACMR. Vanguard Group Inc. increased its stake in ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after purchasing an additional 125,690 shares in the last quarter. LSV Asset Management increased its stake in ACM Research by 462.9% in the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after purchasing an additional 2,059,405 shares in the last quarter. Triata Capital Ltd increased its stake in ACM Research by 26.0% in the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock worth $78,386,000 after purchasing an additional 413,000 shares in the last quarter. Geode Capital Management LLC increased its stake in ACM Research by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock worth $52,986,000 after purchasing an additional 19,397 shares in the last quarter. Finally, Cederberg Capital Ltd purchased a new position in ACM Research in the 3rd quarter worth about $19,428,000. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Performance

NASDAQ:ACMR opened at $86.56 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. ACM Research, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $94.21. The stock’s 50-day moving average is $55.38 and its two-hundred day moving average is $50.01. The stock has a market cap of $5.30 billion, a PE ratio of 66.08 and a beta of 2.00.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The company had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Tracy Liu sold 45,000 shares of ACM Research stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the transaction, the director owned 110,772 shares of the company’s stock, valued at $5,248,377.36. The trade was a 28.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $331,100. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 70,000 shares of company stock valued at $3,441,850 in the last 90 days. 24.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Seaport Research Partners assumed coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.

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.