Illumine Investment Management LLC Reduces Position in ACM Research, Inc. $ACMR

Illumine Investment Management LLC decreased its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 21.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,916 shares of the specialty retailer’s stock after selling 6,124 shares during the quarter. Illumine Investment Management LLC’s holdings in ACM Research were worth $862,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of ACM Research by 10.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after acquiring an additional 3,065 shares during the period. Caxton Associates LLP bought a new position in ACM Research in the first quarter worth about $250,000. Strs Ohio bought a new position in shares of ACM Research during the 1st quarter worth approximately $133,000. Creative Planning purchased a new stake in shares of ACM Research during the 2nd quarter valued at $212,000. Finally, Norges Bank purchased a new stake in ACM Research in the second quarter valued at about $739,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Trading Down 8.7%

Shares of ACMR stock opened at $94.08 on Tuesday. The company’s 50-day moving average price is $86.96 and its 200-day moving average price is $63.72. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $127.19. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 71.82 and a beta of 1.90.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate 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%. The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, equities analysts predict that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on ACMR. Seaport Research Partners started coverage on shares of ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. Roth Capital set a $125.00 price target on ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th. Morgan Stanley reissued an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, ACM Research has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Insider Activity at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sotheara Cheav sold 5,399 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $83.18, for a total transaction of $449,088.82. Following the sale, the insider owned 100,002 shares in the company, valued at $8,318,166.36. This trade represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,752 shares of company stock valued at $11,012,198 in the last ninety days. Insiders own 24.36% of the company’s stock.

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.