Fund Advisors of America Inc FL Invests $339,000 in ACM Research, Inc. $ACMR

Fund Advisors of America Inc FL acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,604 shares of the specialty retailer’s stock, valued at approximately $339,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in ACM Research by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after acquiring an additional 125,690 shares in the last quarter. Triata Capital Ltd increased its position in shares of ACM Research by 26.0% during the third 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. Morgan Stanley lifted its holdings in shares of ACM Research by 58.8% during the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after purchasing an additional 515,340 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of ACM Research by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock valued at $52,986,000 after purchasing an additional 19,397 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of ACM Research by 444.5% in the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after purchasing an additional 1,095,634 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Transactions at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $331,100. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David H. Wang sold 40,002 shares of ACM Research stock in a transaction dated 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 sale, the insider directly owned 802,708 shares of the company’s stock, valued at $68,872,346.40. This trade represents a 4.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,752 shares of company stock worth $11,012,198 in the last 90 days. 24.36% of the stock is owned by company insiders.

ACM Research Stock Performance

NASDAQ:ACMR opened at $109.87 on Friday. The company has a market capitalization of $6.73 billion, a P/E ratio of 83.87 and a beta of 2.01. 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 12 month low of $23.03 and a 12 month high of $110.18. The firm has a fifty day simple moving average of $69.84 and a 200-day simple moving average of $56.03.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (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 the consensus estimate of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm’s revenue was up 34.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities research analysts anticipate that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACMR shares. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Mkm set a $125.00 price target on ACM Research and gave the company a “buy” rating in a research note on Wednesday. Seaport Research Partners began coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, ACM Research currently has an average rating of “Hold” and a consensus price target of $125.00.

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.