New York State Teachers Retirement System Boosts Holdings in ACM Research, Inc. $ACMR

New York State Teachers Retirement System raised its position in ACM Research, Inc. (NASDAQ:ACMR) by 5,760.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,135 shares of the specialty retailer’s stock after purchasing an additional 10,945 shares during the period. New York State Teachers Retirement System’s holdings in ACM Research were worth $436,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ACMR. EverSource Wealth Advisors LLC raised its position in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of ACM Research in the 2nd quarter valued at about $114,000. Lazard Asset Management LLC boosted its position in shares of ACM Research by 27.9% during the 2nd quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 1,145 shares during the last quarter. Strs Ohio purchased a new position in shares of ACM Research during the first quarter worth about $133,000. Finally, Blue Trust Inc. increased its position in shares of ACM Research by 8.1% in the third quarter. Blue Trust Inc. now owns 5,997 shares of the specialty retailer’s stock worth $235,000 after purchasing an additional 449 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

Insider Transactions at ACM Research

In other news, insider Lisa Feng sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $33.77, for a total value of $506,550.00. Following the completion of the sale, the insider owned 50,001 shares of the company’s stock, valued at approximately $1,688,533.77. The trade was a 23.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David H. Wang sold 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $2,314,200.00. Following the transaction, the insider owned 802,708 shares in the company, valued at approximately $26,537,526.48. The trade was a 8.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 265,000 shares of company stock worth $8,849,150. Company insiders own 25.00% of the company’s stock.

ACM Research Trading Down 4.6%

Shares of ACMR opened at $51.16 on Wednesday. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 29.74 and a beta of 1.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48. ACM Research, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $54.83. The firm has a 50 day moving average price of $39.61 and a 200-day moving average price of $35.18.

ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.11). The business had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a net margin of 13.30% and a return on equity of 7.11%. ACM Research’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ACMR shares. Weiss Ratings lowered shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Roth Capital reaffirmed a “buy” rating and set a $40.00 price objective on shares of ACM Research in a report on Wednesday, November 5th. Finally, Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, ACM Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

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.