RPg Family Wealth Advisory LLC Has $12.46 Million Stock Position in ACM Research, Inc. $ACMR

RPg Family Wealth Advisory LLC grew its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 7.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,166 shares of the specialty retailer’s stock after buying an additional 7,136 shares during the quarter. ACM Research makes up about 2.0% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 12th largest holding. RPg Family Wealth Advisory LLC’s holdings in ACM Research were worth $12,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in 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 buying an additional 125,690 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of ACM Research by 16,878.8% during the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after acquiring an additional 1,849,914 shares during the last quarter. Morgan Stanley raised its stake 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 valued at $54,926,000 after acquiring an additional 515,340 shares in the last quarter. Geode Capital Management LLC raised its stake 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 valued at $52,986,000 after acquiring an additional 19,397 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in ACM Research by 444.5% in the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after purchasing an additional 1,095,634 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ACMR shares. Craig Hallum reaffirmed a “buy” rating and set a $100.00 target price on shares of ACM Research in a research report on Monday, August 10th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Daiwa Securities Group assumed coverage on shares of ACM Research in a research note on Wednesday, August 26th. They issued a “buy” rating and a $136.00 target price on the stock. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, ACM Research presently has an average rating of “Buy” and an average price target of $122.75.

Insiders Place Their Bets

In other news, insider David H. Wang sold 40,002 shares of ACM Research stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sotheara Cheav sold 5,399 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $83.18, for a total value of $449,088.82. Following the sale, the insider owned 100,002 shares in the company, valued at approximately $8,318,166.36. This represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 123,752 shares of company stock worth $10,826,748. 24.36% of the stock is currently owned by company insiders.

ACM Research Stock Performance

Shares of ACMR stock opened at $74.42 on Monday. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. ACM Research, Inc. has a 1 year low of $26.10 and a 1 year high of $127.19. The firm’s fifty day simple moving average is $88.88 and its 200 day simple moving average is $71.16. The firm has a market capitalization of $4.81 billion, a P/E ratio of 35.44 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. The company had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The business’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, sell-side analysts predict that ACM Research, Inc. will post 1.68 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.