Victory Capital Management Inc. Acquires 3,236 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Victory Capital Management Inc. raised its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 41.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,050 shares of the specialty retailer’s stock after acquiring an additional 3,236 shares during the quarter. Victory Capital Management Inc.’s holdings in ACM Research were worth $255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Swiss National Bank boosted its position in shares of ACM Research by 1.2% in the 1st quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock worth $2,558,000 after purchasing an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of ACM Research by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 300,635 shares of the specialty retailer’s stock worth $8,761,000 after buying an additional 12,593 shares during the period. Quadrature Capital Ltd bought a new stake in shares of ACM Research in the 1st quarter valued at about $1,207,000. Prelude Capital Management LLC acquired a new stake in shares of ACM Research in the 4th quarter valued at approximately $8,640,000. Finally, Comerica Bank bought a new position in ACM Research during the 1st quarter worth approximately $1,150,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Trading Up 0.2 %

ACMR opened at $17.07 on Tuesday. The stock has a market capitalization of $972.77 million, a P/E ratio of 12.93 and a beta of 1.52. The company has a current ratio of 2.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07. ACM Research, Inc. has a 12 month low of $12.53 and a 12 month high of $34.40. The firm’s fifty day simple moving average is $18.25 and its 200 day simple moving average is $23.09.

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

Wall Street Analysts Forecast Growth

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

About ACM Research

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.