Illinois Municipal Retirement Fund Has $1.24 Million Stock Position in ACM Research, Inc. $ACMR

Illinois Municipal Retirement Fund boosted its position in ACM Research, Inc. (NASDAQ:ACMR) by 30.5% during the 1st quarter, Holdings Channel reports. The fund owned 31,532 shares of the specialty retailer’s stock after buying an additional 7,377 shares during the period. Illinois Municipal Retirement Fund’s holdings in ACM Research were worth $1,241,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of ACM Research by 2.6% during 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. Morgan Stanley lifted its holdings in shares of ACM Research by 58.8% in the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after purchasing an additional 515,340 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ACM Research by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock worth $52,986,000 after purchasing an additional 19,397 shares in the last quarter. Invesco Ltd. grew its position in ACM Research by 444.5% in the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after purchasing an additional 1,095,634 shares during the period. Finally, Janus Henderson Group PLC grew its position in ACM Research by 1,406.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock valued at $42,740,000 after purchasing an additional 1,011,088 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Insider Activity

In related news, insider David H. Wang sold 40,002 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the transaction, the insider directly owned 802,708 shares in the company, valued at approximately $68,872,346.40. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at $331,100. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 123,752 shares of company stock worth $10,752,198 over the last quarter. Insiders own 24.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ACMR shares. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th. Seaport Research Partners initiated coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 target price for the company. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

ACM Research Trading Down 6.0%

Shares of ACM Research stock opened at $89.51 on Thursday. The stock has a fifty day simple moving average of $91.09 and a 200 day simple moving average of $66.16. ACM Research, Inc. has a 12-month low of $23.03 and a 12-month high of $127.19. The company has a market capitalization of $5.48 billion, a P/E ratio of 68.33 and a beta of 1.90. 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 (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. The business 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 business’s revenue was up 34.2% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, sell-side analysts anticipate that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

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.