ACM Research, Inc. $ACMR Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 207.6% during the 1st quarter, Holdings Channel reports. The firm owned 719,023 shares of the specialty retailer’s stock after purchasing an additional 485,282 shares during the period. Dimensional Fund Advisors LP’s holdings in ACM Research were worth $28,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACMR. Farther Finance Advisors LLC lifted its holdings in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. Leonteq Securities AG acquired a new stake in ACM Research during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 1,122 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in ACM Research by 152.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,379 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 833 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

Insider Activity at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sotheara Cheav sold 5,399 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $83.18, for a total value of $449,088.82. Following the completion of the transaction, the insider owned 100,002 shares in the company, valued at $8,318,166.36. This represents a 5.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 123,752 shares of company stock valued at $10,752,198. 24.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley reiterated an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Seaport Research Partners assumed coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of ACM Research in a report on Tuesday, July 21st. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Roth Capital set a $125.00 target price on ACM Research and gave the company a “buy” rating in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.50.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $79.90 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. ACM Research, Inc. has a one year low of $23.03 and a one year high of $127.19. The business’s 50-day moving average price is $92.42 and its two-hundred day moving average price is $68.23. The company has a market capitalization of $4.89 billion, a P/E ratio of 60.99 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $231.26 million during 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 business’s quarterly revenue was up 34.2% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Analysts anticipate that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

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.