15,900 Shares in ACM Research, Inc. $ACMR Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB acquired a new position in ACM Research, Inc. (NASDAQ:ACMR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 15,900 shares of the specialty retailer’s stock, valued at approximately $627,000.

A number of other large investors have also modified their holdings of the company. Leuthold Group LLC acquired a new stake in shares of ACM Research in the 4th quarter worth about $330,000. Independent Advisor Alliance increased its holdings in shares of ACM Research by 21.6% in the 4th quarter. Independent Advisor Alliance now owns 7,051 shares of the specialty retailer’s stock worth $278,000 after acquiring an additional 1,254 shares during the period. Hussman Strategic Advisors Inc. increased its holdings in shares of ACM Research by 20.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the specialty retailer’s stock worth $2,485,000 after acquiring an additional 10,500 shares during the period. Nkcfo LLC acquired a new stake in shares of ACM Research in the 4th quarter worth about $710,000. Finally, New York State Teachers Retirement System increased its holdings in shares of ACM Research by 212.1% in the 4th quarter. New York State Teachers Retirement System now owns 34,751 shares of the specialty retailer’s stock worth $1,371,000 after acquiring an additional 23,616 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Insider Activity at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $331,100. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $260,000. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 70,000 shares of company stock valued at $3,441,850. 25.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on ACMR shares. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Seaport Research Partners started coverage on shares of ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

ACM Research Stock Performance

Shares of ACMR opened at $88.64 on Thursday. ACM Research, Inc. has a one year low of $21.87 and a one year high of $89.78. The company has a 50-day moving average of $53.68 and a two-hundred day moving average of $49.20. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 67.66 and a beta of 1.82. 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 (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The business had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. On average, equities research analysts expect that ACM Research, Inc. will post 1.2 earnings per share for the current year.

About ACM Research

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.