Mitsubishi UFJ Trust & Banking Corp Acquires 649,116 Shares of ACM Research, Inc. $ACMR

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 39.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,302,351 shares of the specialty retailer’s stock after purchasing an additional 649,116 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 3.91% of ACM Research worth $59,631,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Triata Capital Ltd grew its stake in shares of ACM Research by 33.5% during the 1st quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer’s stock valued at $32,002,000 after purchasing an additional 344,158 shares during the period. Invesco Ltd. grew its position in ACM Research by 18.2% during the first quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer’s stock valued at $31,255,000 after buying an additional 206,149 shares during the period. Federated Hermes Inc. increased its holdings in ACM Research by 12,871.6% during the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer’s stock valued at $25,038,000 after buying an additional 1,064,482 shares during the last quarter. Broad Bay Capital Management LP bought a new position in ACM Research in the first quarter worth approximately $21,134,000. Finally, Amundi bought a new stake in shares of ACM Research during the 1st quarter valued at $7,545,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Buying and Selling at ACM Research

In related news, insider Jian Wang sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $32.00, for a total transaction of $960,000.00. Following the completion of the transaction, the insider owned 253,158 shares in the company, valued at $8,101,056. The trade was a 10.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sotheara Cheav sold 11,152 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $30.00, for a total value of $334,560.00. Following the transaction, the insider directly owned 100,002 shares in the company, valued at approximately $3,000,060. The trade was a 10.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 256,152 shares of company stock valued at $7,549,160 in the last 90 days. Insiders own 25.00% of the company’s stock.

ACM Research Stock Up 3.6%

Shares of NASDAQ:ACMR opened at $33.81 on Thursday. The company has a 50-day moving average price of $36.70 and a 200 day moving average price of $29.63. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $45.12. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 20.49 and a beta of 1.44.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (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 analysts’ expectations of $251.72 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. ACM Research has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on ACMR. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Roth Capital restated a “buy” rating and set a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

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.