ACM Research, Inc. $ACMR Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC trimmed its position in ACM Research, Inc. (NASDAQ:ACMR) by 25.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,815 shares of the specialty retailer’s stock after selling 48,435 shares during the period. ACM Research makes up about 2.2% of Matthews International Capital Management LLC’s holdings, making the stock its 18th biggest position. Matthews International Capital Management LLC’s holdings in ACM Research were worth $5,462,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ACMR. Invesco Ltd. raised its position in ACM Research by 444.5% during the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after buying an additional 1,095,634 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of ACM Research by 1,406.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock valued at $42,740,000 after buying an additional 1,011,088 shares during the period. Morgan Stanley boosted its stake in shares of ACM Research by 58.8% in the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after buying an additional 515,340 shares in the last quarter. Penn Capital Management Company LLC purchased a new stake in shares of ACM Research in the fourth quarter valued at approximately $17,212,000. Finally, Nearwater Capital Markets Ltd purchased a new stake in shares of ACM Research in the fourth quarter valued at approximately $13,839,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ACM Research

In other news, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 5,000 shares in the company, valued at $260,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 value of $5,403,000.00. Following the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at $72,283,855.40. This trade represents a 6.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 128,752 shares of company stock worth $11,012,198. Corporate insiders own 24.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ACMR. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners started coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Roth Capital set a $125.00 price target on shares of 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 issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

ACM Research Stock Performance

ACMR opened at $103.00 on Monday. ACM Research, Inc. has a 1-year low of $23.03 and a 1-year high of $127.19. The stock has a market cap of $6.31 billion, a P/E ratio of 78.63 and a beta of 1.90. The stock’s 50 day simple moving average is $86.11 and its 200 day simple moving average is $63.34. 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 data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.ACM Research’s revenue was up 34.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. As a group, equities analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

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.