RPg Family Wealth Advisory LLC Sells 21,750 Shares of ACM Research, Inc. $ACMR

RPg Family Wealth Advisory LLC cut its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 13.9% in the fourth quarter, HoldingsChannel reports. The firm owned 134,920 shares of the specialty retailer’s stock after selling 21,750 shares during the period. RPg Family Wealth Advisory LLC’s holdings in ACM Research were worth $5,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in ACM Research by 10.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 3,065 shares in the last quarter. Caxton Associates LLP bought a new stake in ACM Research during the 1st quarter valued at $250,000. Strs Ohio bought a new stake in ACM Research during the 1st quarter valued at $133,000. Creative Planning bought a new stake in ACM Research during the 2nd quarter valued at $212,000. Finally, Norges Bank bought a new stake in ACM Research during the 2nd quarter valued at $739,000. 66.75% of the stock is owned by institutional investors.

ACM Research Price Performance

Shares of ACMR stock opened at $93.95 on Friday. ACM Research, Inc. has a fifty-two week low of $23.03 and a fifty-two week high of $99.45. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 71.72 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The stock’s 50-day simple moving average is $64.01 and its 200-day simple moving average is $53.66.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business had revenue of $231.26 million for the quarter, compared to analyst estimates of $215.69 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The company’s revenue was up 34.2% on a year-over-year basis. As a group, equities analysts forecast that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACMR has been the subject of a number of research analyst reports. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Roth Mkm reaffirmed a “buy” rating and set a $100.00 target price on shares of ACM Research in a research report on Monday, June 1st. Finally, Seaport Research Partners started coverage on ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, ACM Research has a consensus rating of “Hold” and a consensus target price of $100.00.

Insiders Place Their Bets

In other ACM Research news, Director Charles C. Pappis sold 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $260,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sotheara Cheav sold 5,399 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $83.18, for a total value of $449,088.82. Following the sale, the insider owned 100,002 shares in the company, valued at approximately $8,318,166.36. The trade was a 5.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,752 shares of company stock worth $11,012,198 over the last ninety days. Insiders own 24.36% of the company’s stock.

ACM Research Company 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.