Thrivent Financial for Lutherans Takes Position in ACM Research, Inc. $ACMR

Thrivent Financial for Lutherans acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,984 shares of the specialty retailer’s stock, valued at approximately $1,486,000. Thrivent Financial for Lutherans owned about 0.06% of ACM Research at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ACM Research by 10.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after purchasing an additional 3,065 shares during the period. Caxton Associates LLP acquired a new stake in ACM Research during the 1st quarter worth $250,000. Strs Ohio bought a new position in ACM Research during the first quarter worth about $133,000. Truist Financial Corp grew its stake in ACM Research by 4.8% in the second quarter. Truist Financial Corp now owns 22,198 shares of the specialty retailer’s stock valued at $575,000 after acquiring an additional 1,021 shares during the period. Finally, Aberdeen Group plc increased its holdings in shares of ACM Research by 7.7% in the second quarter. Aberdeen Group plc now owns 10,979 shares of the specialty retailer’s stock worth $287,000 after acquiring an additional 785 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $27,388,396.96. The trade was a 6.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Fuping Chen sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $661,200.00. The SEC filing for this sale provides additional information. Insiders sold 250,000 shares of company stock worth $8,342,600 over the last quarter. 25.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACMR has been the topic of several recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $40.00 price objective on shares of ACM Research in a report on Wednesday, November 5th. Weiss Ratings lowered shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

ACM Research Stock Down 9.3%

NASDAQ:ACMR opened at $64.10 on Friday. The stock has a 50-day simple moving average of $48.29 and a 200 day simple moving average of $38.47. ACM Research, Inc. has a 52-week low of $16.82 and a 52-week high of $71.65. The company has a market cap of $3.84 billion, a PE ratio of 37.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48.

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.