AQR Capital Management LLC Grows Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

AQR Capital Management LLC boosted its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 39.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,460 shares of the specialty retailer’s stock after buying an additional 50,356 shares during the quarter. AQR Capital Management LLC owned 0.31% of ACM Research worth $4,115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ACMR. CWM LLC boosted its stake in shares of ACM Research by 297.1% during the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 1,444 shares during the period. Picton Mahoney Asset Management purchased a new position in shares of ACM Research during the second quarter valued at approximately $59,000. Lazard Asset Management LLC grew its stake in shares of ACM Research by 1,197.6% during the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after buying an additional 2,970 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of ACM Research in the second quarter worth approximately $99,000. Finally, Palouse Capital Management Inc. bought a new stake in shares of ACM Research during the 2nd quarter worth approximately $105,000. Institutional investors own 66.75% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Science & Technology Shanghai sold 26,300 shares of ACM Research stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total value of $526,263.00. Following the transaction, the insider now directly owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Xiao Xing sold 8,304 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $20.19, for a total transaction of $167,657.76. Following the completion of the sale, the director now owns 3,430,206 shares of the company’s stock, valued at $69,255,859.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total transaction of $526,263.00. Following the completion of the sale, the insider now owns 3,403,906 shares of the company’s stock, valued at approximately $68,112,159.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.24% of the stock is owned by company insiders.

ACM Research Price Performance

Shares of ACMR stock opened at $22.04 on Friday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 16.70 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 twelve month low of $12.53 and a twelve month high of $34.40. The stock has a fifty day simple moving average of $17.99 and a two-hundred day simple moving average of $22.56.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of ACM Research in a research report on Tuesday, October 1st. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of ACM Research in a report on Wednesday, August 7th. Finally, Roth Mkm lowered their price objective on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

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.