ACM Research, Inc. (NASDAQ:ACMR) Shares Purchased by FCG Investment Co

FCG Investment Co boosted its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 11.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,782 shares of the specialty retailer’s stock after acquiring an additional 2,066 shares during the quarter. FCG Investment Co’s holdings in ACM Research were worth $299,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ACMR. Geode Capital Management LLC lifted its position in shares of ACM Research by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock worth $23,973,000 after purchasing an additional 26,620 shares in the last quarter. Millennium Management LLC lifted its holdings in ACM Research by 283.9% during the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after buying an additional 683,361 shares in the last quarter. Portolan Capital Management LLC boosted its position in ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after buying an additional 65,616 shares during the period. Charles Schwab Investment Management Inc. boosted its position in ACM Research by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock valued at $8,239,000 after buying an additional 13,879 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of ACM Research in the fourth quarter worth $5,782,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Craig Hallum lowered ACM Research from a “buy” rating to a “hold” rating and decreased their target price for the company from $30.00 to $18.00 in a report on Thursday, December 5th. Needham & Company LLC cut ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Buying and Selling at ACM Research

In related news, insider David H. Wang sold 56,250 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total value of $1,006,312.50. Following the completion of the sale, the insider now directly owns 654,256 shares of the company’s stock, valued at $11,704,639.84. This represents a 7.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Haiping Dun sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the transaction, the director now owns 774,148 shares in the company, valued at $14,801,709.76. This represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,500 shares of company stock worth $2,366,363 over the last three months. Insiders own 31.24% of the company’s stock.

ACM Research Stock Performance

Shares of ACMR stock opened at $18.42 on Friday. The company has a market cap of $1.06 billion, a P/E ratio of 13.95 and a beta of 1.48. The firm has a fifty day moving average price of $16.46 and a 200 day moving average price of $18.23. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $34.40.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The company had revenue of $204.00 million during the quarter, compared to the consensus estimate of $191.18 million. During the same period in the previous year, the business earned $0.41 EPS. ACM Research’s revenue for the quarter was up 21.0% on a year-over-year basis. Sell-side analysts predict that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

About ACM Research

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.