ACM Research, Inc. (NASDAQ:ACMR) Shares Acquired by Quest Partners LLC

Quest Partners LLC lifted its stake in ACM Research, Inc. (NASDAQ:ACMR) by 156.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,481 shares of the specialty retailer’s stock after purchasing an additional 11,883 shares during the period. Quest Partners LLC’s holdings in ACM Research were worth $395,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of ACM Research by 297.1% during the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 1,444 shares during the period. Picton Mahoney Asset Management acquired a new position in ACM Research during the second quarter worth $59,000. Lazard Asset Management LLC boosted its position in ACM Research by 1,197.6% during the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 2,970 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in ACM Research in the second quarter valued at $99,000. Finally, Palouse Capital Management Inc. purchased a new position in shares of ACM Research in the second quarter valued at $105,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on ACMR shares. Roth Mkm lowered their price objective on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of ACM Research in a research note on Tuesday, October 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th.

Insider Activity at ACM Research

In other news, Director Xiao Xing sold 8,304 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total transaction of $167,657.76. Following the completion of the sale, the director now directly owns 3,430,206 shares in the company, valued at $69,255,859.14. This represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Science & Technology Shanghai sold 275,000 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $24.07, for a total value of $6,619,250.00. Following the completion of the transaction, the insider now directly owns 2,428,906 shares in the company, valued at $58,463,767.42. This trade represents a 10.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,116,516 shares of company stock worth $24,573,590. 31.24% of the stock is currently owned by insiders.

ACM Research Price Performance

NASDAQ:ACMR opened at $18.79 on Monday. ACM Research, Inc. has a 12-month low of $13.94 and a 12-month high of $34.40. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 14.23 and a beta of 1.54. The company’s 50-day moving average is $19.19 and its two-hundred day moving average is $20.35. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. The firm had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. ACM Research’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. Research analysts expect that ACM Research, Inc. will post 1.12 EPS for the current year.

ACM Research Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.