OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in ACM Research, Inc. $ACMR

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 54.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,958 shares of the specialty retailer’s stock after selling 43,438 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ACM Research were worth $1,419,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in ACM Research by 90.1% in 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 position in 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 purchasing an additional 480 shares in the last quarter. Leonteq Securities AG bought a new stake in ACM Research during the 4th quarter valued at $28,000. Jones Financial Companies Lllp lifted its holdings in shares of ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after buying an additional 515 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of ACM Research by 656.1% in the 2nd 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 during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Price Performance

ACM Research stock opened at $109.87 on Friday. The business has a fifty day moving average of $69.84 and a two-hundred day moving average of $56.03. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.73 billion, a P/E 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.

ACM Research (NASDAQ:ACMR) last announced 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. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same quarter last year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, analysts forecast that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the director owned 5,000 shares of the company’s stock, valued at $260,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David H. Wang sold 40,002 shares of ACM Research stock in a transaction dated Thursday, June 4th. The shares were 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 owned 802,708 shares in the company, valued at $68,872,346.40. This trade represents a 4.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 128,752 shares of company stock valued at $11,012,198. Company insiders own 24.36% of the company’s stock.

Analysts Set New Price Targets

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

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.