7,000 Shares in ACM Research, Inc. $ACMR Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the 2nd quarter, Holdings Channel reports. The fund acquired 7,000 shares of the specialty retailer’s stock, valued at approximately $888,000.

Other large investors have also bought and sold shares of the company. Jefferies Financial Group Inc. bought a new stake in shares of ACM Research during the 4th quarter valued at approximately $1,054,000. Vanguard Group Inc. lifted its stake in ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in ACM Research by 71.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock valued at $7,436,000 after purchasing an additional 78,800 shares during the last quarter. Penn Capital Management Company LLC acquired a new stake in ACM Research in the fourth quarter valued at approximately $17,212,000. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in ACM Research in the fourth quarter valued at approximately $2,367,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $331,100. The trade was 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 accessible through the SEC website. Also, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the transaction, the insider owned 802,708 shares in the company, valued at approximately $72,283,855.40. This trade represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 123,752 shares of company stock valued at $10,752,198. Insiders own 24.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports 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. Morgan Stanley reissued an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Capital set a $125.00 price objective on ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACM Research in a report on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, ACM Research presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

ACM Research Stock Down 1.2%

Shares of NASDAQ ACMR opened at $78.98 on Friday. The company has a 50 day simple moving average of $92.14 and a 200 day simple moving average of $68.41. 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 1 year low of $23.59 and a 1 year high of $127.19. The firm has a market cap of $4.84 billion, a PE ratio of 60.29 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last posted its 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. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm had revenue of $231.26 million for the quarter, compared to analyst estimates of $215.69 million. During the same period in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 34.2% compared to the same quarter last year. On average, research analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current year.

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.