Thompson Siegel & Walmsley LLC Acquires 78,800 Shares of ACM Research, Inc. $ACMR

Thompson Siegel & Walmsley LLC raised its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 71.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 188,500 shares of the specialty retailer’s stock after acquiring an additional 78,800 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in ACM Research were worth $7,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ACMR. GAMMA Investing LLC grew its holdings in ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 299 shares during the period. Farther Finance Advisors LLC lifted 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 valued at $26,000 after acquiring an additional 308 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of ACM Research by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock worth $700,000 after acquiring an additional 343 shares during the period. SBI Securities Co. Ltd. grew its position in shares of ACM Research by 78.9% during 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 in the last quarter. Finally, Arizona State Retirement System raised its stake in ACM Research by 2.5% during the 3rd quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer’s stock valued at $612,000 after purchasing an additional 386 shares during the period. 66.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. 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 assumed coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Finally, Roth Mkm reiterated a “buy” rating and set a $100.00 target price on shares of ACM Research in a research report on Monday. 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, ACM Research has a consensus rating of “Hold” and an average price target of $100.00.

Insider Buying and Selling at ACM Research

In other news, Director Tracy Liu sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the transaction, the director owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. This represents a 28.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles C. Pappis sold 5,000 shares of the 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 completion of the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,000 shares of company stock worth $3,441,850 over the last 90 days. Company insiders own 24.36% of the company’s stock.

ACM Research Stock Down 5.2%

NASDAQ ACMR opened at $82.05 on Tuesday. 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, Inc. has a 52 week low of $22.23 and a 52 week high of $94.21. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 62.63 and a beta of 2.00. The company has a fifty day moving average of $56.09 and a two-hundred day moving average of $50.36.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating 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 company had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s revenue was up 34.2% compared to the same quarter last year. On average, analysts predict that ACM Research, Inc. will post 1.02 earnings per share for the current 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.