Kennedy Capital Management LLC Buys New Shares in ACM Research, Inc. $ACMR

Kennedy Capital Management LLC purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the 4th quarter, Holdings Channel reports. The firm purchased 139,885 shares of the specialty retailer’s stock, valued at approximately $5,518,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ACM Research by 10.6% during the 1st 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 in the last quarter. Caxton Associates LLP bought a new stake in ACM Research during the 1st quarter worth about $250,000. Strs Ohio bought a new stake in ACM Research during the 1st quarter worth about $133,000. Creative Planning bought a new stake in ACM Research during the 2nd quarter worth about $212,000. Finally, Norges Bank bought a new stake in ACM Research during the 2nd quarter worth about $739,000. 66.75% of the stock is owned by institutional investors.

ACM Research Stock Performance

Shares of ACMR opened at $95.21 on Tuesday. The firm has a 50-day moving average of $65.10 and a 200-day moving average of $54.25. ACM Research, Inc. has a one year low of $23.03 and a one year high of $99.45. The company has a market cap of $5.83 billion, a PE ratio of 72.68 and a beta of 2.00. 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 announced its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $215.69 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 34.2% on a year-over-year basis. As a group, equities analysts forecast that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ACMR shares. Wall Street Zen raised shares of 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 price target 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. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Roth Mkm reissued a “buy” rating and issued a $100.00 price objective on shares of ACM Research in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, ACM Research presently has an average rating of “Hold” and a consensus price target of $100.00.

Insider Activity

In other news, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were 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 in the company, valued at approximately $260,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the sale, the director owned 5,000 shares of the company’s stock, valued at approximately $331,100. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 128,752 shares of company stock worth $11,012,198. Insiders own 24.36% of the company’s stock.

About ACM Research

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.