26,055 Shares in ACM Research, Inc. $ACMR Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 26,055 shares of the specialty retailer’s stock, valued at approximately $1,025,000.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 308 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 480 shares during the period. Leonteq Securities AG purchased a new stake in shares of ACM Research during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its position in ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 1,122 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in ACM Research by 152.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,379 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 833 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ACMR. Roth Capital set a $125.00 target price on shares of ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of ACM Research in a research report on Tuesday, July 21st. Morgan Stanley restated 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. Finally, Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.50.

ACM Research Price Performance

Shares of ACMR opened at $78.64 on Tuesday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 60.03 and a beta of 1.96. The stock has a 50 day moving average of $92.67 and a 200-day moving average of $67.81. 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, Inc. has a 52 week low of $23.03 and a 52 week high of $127.19.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping 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%. ACM Research’s quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current year.

Insider Activity

In related news, insider David H. Wang sold 40,002 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the completion of the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at $68,872,346.40. This represents a 4.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 123,752 shares of company stock valued at $10,752,198. Insiders own 24.36% of the company’s stock.

ACM Research Company 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.