Prudential PLC Makes New Investment in ACM Research, Inc. $ACMR

Prudential PLC bought a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,113 shares of the specialty retailer’s stock, valued at approximately $399,000.

A number of other hedge funds also recently bought and sold shares of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ACM Research by 10.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after buying an additional 3,065 shares during the period. Caxton Associates LLP purchased a new stake in shares of ACM Research during the 1st quarter valued at $250,000. Strs Ohio purchased a new stake in shares of ACM Research during the 1st quarter valued at $133,000. Creative Planning purchased a new stake in shares of ACM Research during the 2nd quarter valued at $212,000. Finally, Norges Bank purchased a new stake in shares of ACM Research during the 2nd quarter valued at $739,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ACMR. Seaport Research Partners began coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. Roth Mkm reiterated a “buy” rating and set a $100.00 price objective on shares of ACM Research in a report on Monday, June 1st. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $100.00.

ACM Research Stock Performance

Shares of ACMR stock opened at $80.57 on Tuesday. 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, Inc. has a 1 year low of $23.03 and a 1 year high of $94.21. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 61.50 and a beta of 2.01. The business has a fifty day moving average of $60.23 and a 200 day moving average of $52.24.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $215.69 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue was up 34.2% compared to the same quarter last year. As a group, research analysts expect that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Insider Activity

In related news, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the director 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 document filed with the SEC, which is available through this hyperlink. Also, insider David H. Wang sold 40,002 shares of ACM Research stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $68,872,346.40. This trade represents a 4.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 143,752 shares of company stock valued at $11,730,848. 24.36% of the stock is owned by insiders.

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.