Los Angeles Capital Management LLC Buys New Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Los Angeles Capital Management LLC bought a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 29,242 shares of the specialty retailer’s stock, valued at approximately $852,000. Los Angeles Capital Management LLC owned 0.05% of ACM Research at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACMR. Ariose Capital Management Ltd raised its stake in ACM Research by 163.8% during the 4th quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer’s stock valued at $38,702,000 after purchasing an additional 1,229,839 shares during the period. Panview Asian Equity Master Fund increased its stake in ACM Research by 264.7% in the 4th quarter. Panview Asian Equity Master Fund now owns 1,057,753 shares of the specialty retailer’s stock worth $20,668,000 after acquiring an additional 767,753 shares during the last quarter. Prelude Capital Management LLC bought a new stake in ACM Research in the 4th quarter worth approximately $8,640,000. Vanguard Group Inc. increased its stake in ACM Research by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer’s stock worth $73,920,000 after acquiring an additional 399,854 shares during the last quarter. Finally, Yong Rong HK Asset Management Ltd increased its stake in ACM Research by 133.3% in the 4th quarter. Yong Rong HK Asset Management Ltd now owns 350,000 shares of the specialty retailer’s stock worth $6,839,000 after acquiring an additional 200,000 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

Insider Activity at ACM Research

In related news, insider David H. Wang sold 90,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $22.81, for a total transaction of $2,052,900.00. Following the completion of the transaction, the insider now owns 590,108 shares in the company, valued at approximately $13,460,363.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other ACM Research news, insider David H. Wang sold 90,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $22.81, for a total value of $2,052,900.00. Following the completion of the sale, the insider now directly owns 590,108 shares in the company, valued at approximately $13,460,363.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $22.07, for a total value of $662,100.00. Following the completion of the sale, the insider now owns 253,158 shares of the company’s stock, valued at $5,587,197.06. The disclosure for this sale can be found here. Insiders sold a total of 240,329 shares of company stock worth $5,440,934 in the last quarter. 31.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ACMR has been the topic of a number of research reports. The Goldman Sachs Group raised ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, February 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price objective on shares of ACM Research in a research note on Thursday, May 9th. Finally, Benchmark lifted their price objective on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $31.88.

ACM Research Price Performance

Shares of ACM Research stock opened at $22.63 on Tuesday. The stock has a 50 day moving average price of $24.41 and a 200-day moving average price of $23.46. ACM Research, Inc. has a one year low of $11.73 and a one year high of $34.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 17.14 and a beta of 1.44.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.09. ACM Research had a return on equity of 10.26% and a net margin of 13.79%. The company had revenue of $152.19 million during the quarter, compared to analysts’ expectations of $151.00 million. Equities analysts expect that ACM Research, Inc. will post 1 EPS 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.