LSV Asset Management Reduces Stake in ACM Research, Inc. $ACMR

LSV Asset Management lowered its position in ACM Research, Inc. (NASDAQ:ACMR) by 4.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,380,521 shares of the specialty retailer’s stock after selling 123,784 shares during the period. LSV Asset Management’s holdings in ACM Research were worth $93,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares during the last quarter. Leonteq Securities AG purchased a new stake in ACM Research in the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp boosted its position in ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 515 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 367 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 299 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Up 2.5%

ACM Research stock opened at $73.35 on Friday. The stock has a market capitalization of $4.49 billion, a PE ratio of 55.99 and a beta of 1.82. ACM Research, Inc. has a 12 month low of $21.87 and a 12 month high of $76.36. The business has a 50 day simple moving average of $51.48 and a 200-day simple moving average of $48.11. 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 (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping 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 firm had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, analysts anticipate that ACM Research, Inc. will post 1.2 EPS for the current fiscal year.

Insider Buying and Selling

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 transaction of $331,100.00. Following the completion of the sale, the director directly 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 can be accessed through the SEC website. Also, Director Charles C. Pappis sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the sale, the director owned 5,000 shares of the company’s stock, valued at $260,000. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 70,000 shares of company stock worth $3,441,850. 25.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seaport Research Partners assumed coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. Finally, Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.00.

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.