Prudential PLC Makes New $399,000 Investment in ACM Research, Inc. $ACMR

Prudential PLC purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,113 shares of the specialty retailer’s stock, valued at approximately $399,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC grew its position in ACM Research by 71.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock worth $7,436,000 after purchasing an additional 78,800 shares during the period. Norges Bank acquired a new stake in shares of ACM Research during the 4th quarter valued at about $1,125,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of ACM Research during the 4th quarter valued at about $1,222,000. Intech Investment Management LLC grew its position in shares of ACM Research by 3.1% during the 4th quarter. Intech Investment Management LLC now owns 24,667 shares of the specialty retailer’s stock valued at $973,000 after acquiring an additional 749 shares during the period. Finally, IFG Advisory LLC acquired a new stake in shares of ACM Research during the 4th quarter valued at about $247,000. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Trading Up 5.6%

Shares of ACM Research stock opened at $80.57 on Tuesday. The firm has a market capitalization of $4.93 billion, a PE ratio of 61.50 and a beta of 2.01. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $94.21. The firm’s 50-day moving average price is $60.23 and its 200 day moving average price is $52.24. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $231.26 million for the quarter, compared to analyst estimates of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. ACM Research’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. On average, sell-side analysts predict that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Insider Transactions at ACM Research

In related news, insider David H. Wang sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total value of $5,403,000.00. Following the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $72,283,855.40. This trade represents a 6.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $260,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 143,752 shares of company stock worth $11,730,848 in the last three months. 24.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACMR has been the topic of a number of analyst reports. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Seaport Research Partners initiated coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Roth Mkm restated a “buy” rating and set a $100.00 target price on shares of ACM Research in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $100.00.

About ACM Research

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.