174,987 Shares in ACM Research, Inc. $ACMR Acquired by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 174,987 shares of the specialty retailer’s stock, valued at approximately $22,204,000. Wellington Management Group LLP owned 0.27% of ACM Research as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Leonteq Securities AG purchased a new stake in shares of ACM Research in the fourth quarter valued at $28,000. Harbor Investment Advisory LLC lifted its stake in ACM Research by 195.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock worth $94,000 after acquiring an additional 488 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of ACM Research by 381.0% in the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 861 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Price Performance

ACM Research stock opened at $74.44 on Monday. ACM Research, Inc. has a 52 week low of $26.44 and a 52 week high of $127.19. The business’s fifty day moving average is $85.71 and its two-hundred day moving average is $71.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. The firm has a market cap of $4.81 billion, a P/E ratio of 35.45 and a beta of 1.96.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The company had revenue of $292.92 million during the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The company’s revenue was up 36.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts forecast that ACM Research, Inc. will post 1.68 earnings per share for the current fiscal year.

Insider Transactions at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the sale, the director directly owned 5,000 shares in the company, valued at $405,650. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ACMR has been the subject of several recent research reports. Craig Hallum reiterated a “buy” rating and set a $100.00 price objective on shares of ACM Research in a report on Monday, August 10th. Weiss Ratings upgraded shares of 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 target price on ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Finally, 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 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, ACM Research has a consensus rating of “Buy” and a consensus target price of $122.75.

ACM Research 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.