Marshall Wace LLP Makes New $413,000 Investment in ACM Research, Inc. (NASDAQ:ACMR)

Marshall Wace LLP purchased a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,900 shares of the specialty retailer’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACMR. Steamboat Capital Partners LLC acquired a new position in ACM Research in the 1st quarter valued at approximately $20,398,000. Prelude Capital Management LLC bought a new position in shares of ACM Research during the fourth quarter worth about $8,640,000. M&G Plc acquired a new position in shares of ACM Research in the first quarter worth approximately $7,413,000. Westend Capital Management LLC bought a new stake in ACM Research in the first quarter valued at approximately $4,802,000. Finally, Richard P Slaughter Associates Inc acquired a new stake in ACM Research during the 2nd quarter valued at approximately $1,512,000. 66.75% of the stock is currently owned by institutional investors.

Insider Activity

In other ACM Research news, major shareholder Science & Technology Shanghai sold 275,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $24.07, for a total transaction of $6,619,250.00. Following the completion of the sale, the insider now directly owns 2,428,906 shares in the company, valued at approximately $58,463,767.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Science & Technology Shanghai sold 275,000 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $24.07, for a total value of $6,619,250.00. Following the transaction, the insider now directly owns 2,428,906 shares of the company’s stock, valued at approximately $58,463,767.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Mckechnie sold 16,516 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $22.00, for a total value of $363,352.00. Following the sale, the insider now directly owns 900 shares of the company’s stock, valued at $19,800. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,116,516 shares of company stock worth $24,573,590. Insiders own 31.24% of the company’s stock.

ACM Research Price Performance

NASDAQ:ACMR opened at $20.77 on Friday. ACM Research, Inc. has a 52-week low of $12.53 and a 52-week high of $34.40. The stock has a fifty day moving average of $18.36 and a 200 day moving average of $22.39. 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 market capitalization of $1.18 billion, a price-to-earnings ratio of 15.73 and a beta of 1.52.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ACMR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of ACM Research in a research note on Tuesday, October 1st. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a research note on Wednesday, August 7th. Finally, Roth Mkm dropped their target price on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock 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.