Commonwealth Equity Services LLC Has $337,000 Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Commonwealth Equity Services LLC lifted its stake in ACM Research, Inc. (NASDAQ:ACMR) by 15.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,628 shares of the specialty retailer’s stock after purchasing an additional 1,970 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ACM Research were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. CWM LLC increased its position in shares of ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 1,444 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of ACM Research by 1,197.6% in the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock worth $93,000 after buying an additional 2,970 shares during the period. Transcendent Capital Group LLC acquired a new position in ACM Research during the fourth quarter valued at $145,000. SG Americas Securities LLC acquired a new position in shares of ACM Research in the 1st quarter valued at about $196,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in shares of ACM Research in the first quarter worth approximately $221,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ACMR shares. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of ACM Research in a research report on Thursday, August 8th. Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research report on Wednesday, August 7th. Finally, Roth Mkm lowered their target price on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th.

ACM Research Stock Up 0.2 %

Shares of NASDAQ:ACMR opened at $17.07 on Tuesday. The company’s fifty day moving average is $18.25 and its 200-day moving average is $23.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.29. ACM Research, Inc. has a 52 week low of $12.53 and a 52 week high of $34.40. The company has a market capitalization of $972.77 million, a PE ratio of 12.93 and a beta of 1.52.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.25. The business had revenue of $202.50 million for 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 for the quarter was up 40.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. Equities research analysts predict that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal 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.