Public Employees Retirement System of Ohio Buys New Stake in ACM Research, Inc. $ACMR

Public Employees Retirement System of Ohio bought a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 26,055 shares of the specialty retailer’s stock, valued at approximately $1,025,000.

Several other hedge funds also recently bought and sold shares of the stock. WCM Investment Management LLC raised its holdings in shares of ACM Research by 16,878.8% in the first quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after acquiring an additional 1,849,914 shares during the last quarter. Invesco Ltd. boosted its stake in shares of ACM Research by 444.5% during the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after acquiring an additional 1,095,634 shares during the last quarter. Janus Henderson Group PLC increased its position in ACM Research by 1,406.4% during 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. Morgan Stanley increased its position in ACM Research by 58.8% during the 4th 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. Finally, Dimensional Fund Advisors LP raised its stake in ACM Research by 207.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 719,023 shares of the specialty retailer’s stock valued at $28,286,000 after purchasing an additional 485,282 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Transactions at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the business’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 completion of the sale, the director owned 5,000 shares of the company’s stock, valued at approximately $331,100. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David H. Wang sold 40,002 shares of the firm’s 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 completion of the transaction, the insider owned 802,708 shares in the company, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 123,752 shares of company stock worth $10,752,198 in the last ninety days. Insiders own 24.36% of the company’s stock.

Analyst Ratings Changes

ACMR has been the topic of several analyst reports. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of ACM Research in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

ACM Research Trading Up 0.2%

Shares of ACMR stock opened at $78.64 on Tuesday. The firm’s 50-day simple moving average is $92.67 and its 200-day simple moving average is $67.81. 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 $127.19. The firm has a market cap of $4.82 billion, a P/E ratio of 60.03 and a beta of 1.96.

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, 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 firm had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same period in the previous year, the firm earned $0.46 earnings per share. ACM Research’s revenue was up 34.2% compared to the same quarter last year. As a group, equities analysts forecast that ACM Research, Inc. will post 1.02 EPS 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.