26,727 Shares in ACM Research, Inc. $ACMR Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in ACM Research, Inc. (NASDAQ:ACMR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,727 shares of the specialty retailer’s stock, valued at approximately $1,054,000.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 308 shares during the period. Leonteq Securities AG bought a new position in shares of ACM Research in the fourth quarter worth $28,000. Jones Financial Companies Lllp increased its position in shares of ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 515 shares during the period. SBI Securities Co. Ltd. increased its position in shares of ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 367 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 299 shares during the period. Institutional investors own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ACMR shares. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Seaport Research Partners started coverage on ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $40.00.

Insider Buying and Selling

In related news, Director Charles C. Pappis sold 5,000 shares of ACM Research 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 transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Haiping Dun sold 5,000 shares of ACM Research 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 transaction, the director directly owned 5,000 shares in the company, valued at approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,000 shares of company stock valued at $3,441,850 over the last ninety days. 25.00% of the stock is owned by company insiders.

ACM Research Stock Performance

ACM Research stock opened at $92.86 on Friday. The business’s 50-day moving average price is $54.59 and its two-hundred day moving average price is $49.63. ACM Research, Inc. has a 12-month low of $21.87 and a 12-month high of $93.90. The stock has a market cap of $5.69 billion, a PE ratio of 70.89 and a beta of 1.82. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $215.69 million. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. As a group, analysts expect that ACM Research, Inc. will post 1.2 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.