Mark Sheptoff Financial Planning LLC Decreases Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Mark Sheptoff Financial Planning LLC cut its stake in ACM Research, Inc. (NASDAQ:ACMR) by 13.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,600 shares of the specialty retailer’s stock after selling 1,000 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in ACM Research were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACMR. Palouse Capital Management Inc. acquired a new stake in shares of ACM Research in the 2nd quarter worth $105,000. Kendall Capital Management acquired a new stake in ACM Research during the second quarter worth about $303,000. Seven Eight Capital LP increased its holdings in shares of ACM Research by 625.1% during the 2nd quarter. Seven Eight Capital LP now owns 75,517 shares of the specialty retailer’s stock worth $1,741,000 after buying an additional 65,102 shares during the last quarter. Hsbc Holdings PLC purchased a new position in ACM Research in the second quarter worth approximately $202,000. Finally, Sierra Summit Advisors LLC increased its stake in ACM Research by 49.2% during the second quarter. Sierra Summit Advisors LLC now owns 29,080 shares of the specialty retailer’s stock worth $671,000 after acquiring an additional 9,583 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

ACMR has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research note on Wednesday, August 7th. Roth Mkm lowered their target price on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of ACM Research in a report on Thursday, August 8th.

ACM Research Trading Down 1.5 %

NASDAQ ACMR opened at $16.53 on Thursday. The firm has a market cap of $942.00 million, a price-to-earnings ratio of 12.52 and a beta of 1.52. ACM Research, Inc. has a one year low of $12.53 and a one year high of $34.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.29. The firm has a 50 day simple moving average of $18.69 and a 200-day simple moving average of $23.42.

ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. The firm had revenue of $202.50 million during the quarter, compared to analyst estimates of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. ACM Research’s revenue was up 40.0% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. Equities research analysts anticipate that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

ACM Research 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.