Matthews International Capital Management LLC Reduces Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

Matthews International Capital Management LLC lessened its position in ACM Research, Inc. (NASDAQ:ACMR) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 262,451 shares of the specialty retailer’s stock after selling 21,279 shares during the period. ACM Research accounts for 0.8% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Matthews International Capital Management LLC’s holdings in ACM Research were worth $3,963,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Erste Asset Management GmbH bought a new stake in shares of ACM Research in the third quarter worth about $37,000. Truvestments Capital LLC bought a new stake in shares of ACM Research in the 3rd quarter worth approximately $72,000. CWM LLC raised its holdings in shares of ACM Research by 128.4% during the third quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock valued at $89,000 after acquiring an additional 2,478 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in ACM Research in the second quarter worth $202,000. Finally, Catalyst Capital Advisors LLC bought a new stake in ACM Research in the third quarter valued at $203,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

ACMR has been the subject of several research reports. Needham & Company LLC lowered shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Wednesday, December 4th. Craig Hallum downgraded shares of ACM Research from a “buy” rating to a “hold” rating and decreased their price target for the stock from $30.00 to $18.00 in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, ACM Research currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total value of $1,006,312.50. Following the completion of the transaction, the insider now directly owns 654,256 shares of the company’s stock, valued at approximately $11,704,639.84. The trade was a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Haiping Dun sold 15,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total transaction of $286,800.00. Following the sale, the director now owns 774,148 shares in the company, valued at approximately $14,801,709.76. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,500 shares of company stock worth $2,366,363 in the last 90 days. Insiders own 31.24% of the company’s stock.

ACM Research Stock Performance

Shares of ACMR stock opened at $17.20 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average price is $16.46 and its 200-day moving average price is $18.12. The stock has a market cap of $990.94 million, a PE ratio of 13.03 and a beta of 1.48. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $34.40.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, topping the consensus estimate of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The business had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. ACM Research’s quarterly revenue was up 21.0% on a year-over-year basis. On average, equities analysts expect that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

ACM Research Company 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.