Y Intercept Hong Kong Ltd Acquires New Position in ACM Research, Inc. $ACMR

by · The Markets Daily

Y Intercept Hong Kong Ltd bought a new position in ACM Research, Inc. (NASDAQ:ACMR – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 76,212 shares of the specialty retailer’s stock, valued at approximately $2,999,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ACMR. Farther Finance Advisors LLC raised its stake in shares of ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 308 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Leonteq Securities AG bought a new position in shares of ACM Research during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC raised its position in ACM Research by 656.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 1,122 shares during the period. Finally, GAMMA Investing LLC raised its position in ACM Research by 38.8% in the 4th 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. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Performance

NASDAQ:ACMR opened at $94.66 on Wednesday. The stock has a market cap of $5.80 billion, a P/E ratio of 72.26 and a beta of 1.90. The firm’s fifty day simple moving average is $83.00 and its 200 day simple moving average is $62.01. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $127.19. 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 – Get Free Report) last issued its quarterly earnings data 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 net margin of 9.48% and a return on equity of 4.17%. The business had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. During the same period in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 34.2% on a year-over-year basis. As a group, research analysts predict that ACM Research, Inc. will post 1.02 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Seaport Research Partners initiated coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley restated an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, ACM Research presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Read Our Latest Analysis on ACM Research

Insider Activity at ACM Research

In other ACM Research news, insider David H. Wang sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total value of $5,403,000.00. Following the completion of the sale, the insider directly owned 802,708 shares in the company, valued at $72,283,855.40. This trade represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the sale, the director directly owned 5,000 shares in the company, valued at approximately $260,000. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 128,752 shares of company stock valued at $11,012,198 in the last three months. Corporate insiders own 24.36% of the company’s stock.

About ACM Research

(Free Report)

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.

Further Reading

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