LSV Asset Management Makes New $11.52 Million Investment in ACM Research, Inc. $ACMR

LSV Asset Management bought a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 444,900 shares of the specialty retailer’s stock, valued at approximately $11,523,000.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in ACM Research by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 214,017 shares of the specialty retailer’s stock valued at $4,995,000 after purchasing an additional 4,108 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of ACM Research during the first quarter valued at approximately $545,000. CWM LLC boosted its position in ACM Research by 227.9% during the 1st quarter. CWM LLC now owns 11,331 shares of the specialty retailer’s stock worth $264,000 after acquiring an additional 7,875 shares during the period. Private Advisor Group LLC acquired a new stake in ACM Research in the first quarter worth about $217,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of ACM Research in the first quarter valued at approximately $215,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACMR. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, November 13th. Zacks Research lowered ACM Research from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Finally, Roth Capital reiterated a “buy” rating and issued a $40.00 target price on shares of ACM Research in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.75.

Insider Activity

In other news, Director Tracy Liu sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $33.00, for a total transaction of $495,000.00. Following the sale, the director directly owned 110,772 shares of the company’s stock, valued at $3,655,476. This represents a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $33.77, for a total value of $506,550.00. Following the completion of the sale, the insider owned 50,001 shares of the company’s stock, valued at approximately $1,688,533.77. The trade was a 23.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 271,152 shares of company stock worth $8,055,710. 25.00% of the stock is currently owned by insiders.

ACM Research Stock Performance

NASDAQ:ACMR opened at $31.50 on Thursday. The firm’s 50-day moving average is $37.11 and its 200-day moving average is $30.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 19.09 and a beta of 1.44. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $45.12.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The business had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.ACM Research’s revenue was up 32.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. ACM Research has set its FY 2025 guidance at EPS. Equities research analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current 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.