MY.Alpha Management HK Advisors Ltd Sells 254,632 Shares of ACM Research, Inc. $ACMR

MY.Alpha Management HK Advisors Ltd lowered its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 70.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,605 shares of the specialty retailer’s stock after selling 254,632 shares during the period. ACM Research comprises 2.2% of MY.Alpha Management HK Advisors Ltd’s portfolio, making the stock its 10th largest position. MY.Alpha Management HK Advisors Ltd’s holdings in ACM Research were worth $4,166,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 308 shares during the last quarter. Hantz Financial Services Inc. boosted its stake 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 last quarter. Leonteq Securities AG purchased a new position in shares of ACM Research during the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its position in shares of ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after buying an additional 515 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $109.87 on Friday. 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 company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 83.87 and a beta of 2.01. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $110.18. The business has a 50 day simple moving average of $69.84 and a 200-day simple moving average of $56.03.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) 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 analysts’ expectations 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 for the quarter was up 34.2% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. As a group, equities research analysts expect that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction dated 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 transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $331,100. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sotheara Cheav sold 5,399 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $83.18, for a total transaction of $449,088.82. Following the sale, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,318,166.36. This represents a 5.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 128,752 shares of company stock valued at $11,012,198 over the last three months. 24.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.