Illumine Investment Management LLC Sells 6,124 Shares of ACM Research, Inc. $ACMR

Illumine Investment Management LLC reduced its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 21.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,916 shares of the specialty retailer’s stock after selling 6,124 shares during the quarter. Illumine Investment Management LLC’s holdings in ACM Research were worth $862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of ACM Research by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after buying an additional 125,690 shares during the last quarter. Morgan Stanley grew its holdings in shares of ACM Research by 58.8% during the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after purchasing an additional 515,340 shares in the last quarter. Geode Capital Management LLC grew its stake in ACM Research by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock worth $52,986,000 after buying an additional 19,397 shares in the last quarter. Invesco Ltd. grew its position in ACM Research by 444.5% in the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after acquiring an additional 1,095,634 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of ACM Research by 1,406.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock worth $42,740,000 after purchasing an additional 1,011,088 shares in the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ACM Research Price Performance

NASDAQ ACMR opened at $94.08 on Tuesday. The business’s fifty day moving average is $86.96 and its 200 day moving average is $63.72. The company has a market capitalization of $5.76 billion, a PE ratio of 71.82 and a beta of 1.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. ACM Research, Inc. has a fifty-two week low of $23.03 and a fifty-two week high of $127.19.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. Sell-side analysts predict that ACM Research, Inc. will post 1.02 earnings per share for the current year.

Insiders Place Their Bets

In other ACM Research news, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total value of $5,403,000.00. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at $72,283,855.40. This represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sotheara Cheav sold 13,351 shares of ACM Research stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the completion of the sale, the insider owned 100,002 shares in the company, valued at approximately $8,515,170.30. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 128,752 shares of company stock valued at $11,012,198. 24.36% of the stock is owned by company 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.