Wellington Management Group LLP Acquires New Holdings in ACM Research, Inc. $ACMR

Wellington Management Group LLP purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 2nd quarter, Holdings Channel reports. The firm purchased 174,987 shares of the specialty retailer’s stock, valued at approximately $22,204,000.

A number of other large investors have also bought and sold shares of the business. WCM Investment Management LLC boosted its position in shares of ACM Research by 16,878.8% during the first quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after buying an additional 1,849,914 shares during the period. Invesco Ltd. grew its stake in shares of ACM Research by 444.5% in the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after buying an additional 1,095,634 shares in the last quarter. Janus Henderson Group PLC grew its holdings in ACM Research by 1,406.4% during the fourth 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 during the period. Morgan Stanley boosted its stake in shares of 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 acquiring an additional 515,340 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ACM Research by 207.6% in the first 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. 66.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACMR has been the topic of several research reports. Daiwa Securities Group assumed coverage on ACM Research in a research report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 target price on the stock. Zacks Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. 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 report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $122.75.

ACM Research Stock Performance

ACMR opened at $74.44 on Monday. The company has a fifty day moving average of $85.71 and a 200-day moving average of $71.36. ACM Research, Inc. has a twelve month low of $26.44 and a twelve month high of $127.19. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.81 billion, a PE ratio of 35.45 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. The company had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The firm’s revenue was up 36.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. On average, sell-side analysts predict that ACM Research, Inc. will post 1.68 EPS for the current year.

Insiders Place Their Bets

In other news, Director Haiping Dun sold 5,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $405,650. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 24.36% of the company’s stock.

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.