State Street Corp Sells 765 Shares of ACM Research, Inc. (NASDAQ:ACMR)

State Street Corp decreased its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 0.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,150,455 shares of the specialty retailer’s stock after selling 765 shares during the period. State Street Corp owned 2.00% of ACM Research worth $23,354,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in ACM Research by 39.3% in the 2nd quarter. AQR Capital Management LLC now owns 178,460 shares of the specialty retailer’s stock worth $4,115,000 after acquiring an additional 50,356 shares during the period. Richard P Slaughter Associates Inc grew its position in shares of ACM Research by 94.9% in the third quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock valued at $2,595,000 after purchasing an additional 62,247 shares during the last quarter. Millennium Management LLC increased its stake in shares of ACM Research by 283.9% in the second quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after purchasing an additional 683,361 shares during the period. Algert Global LLC lifted its position in shares of ACM Research by 530.5% during the 3rd quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock worth $3,611,000 after purchasing an additional 149,670 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in ACM Research during the 3rd quarter valued at approximately $1,056,000. 66.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ACM Research news, Director Xiao Xing sold 8,304 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total value of $167,657.76. Following the transaction, the director now owns 3,430,206 shares of the company’s stock, valued at approximately $69,255,859.14. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Haiping Dun sold 15,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the sale, the director now owns 774,148 shares in the company, valued at $14,801,709.76. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,244,016 shares of company stock valued at $26,939,953. 31.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ACMR has been the topic of several research analyst reports. Craig Hallum downgraded shares of ACM Research from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $30.00 to $18.00 in a research note on Thursday, December 5th. Needham & Company LLC lowered shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

ACM Research Price Performance

Shares of ACMR stock opened at $14.91 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The stock’s fifty day simple moving average is $17.87 and its 200 day simple moving average is $19.33. ACM Research, Inc. has a one year low of $13.87 and a one year high of $34.40. The firm has a market cap of $858.91 million, a price-to-earnings ratio of 11.30 and a beta of 1.48.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.28 by $0.35. The company had revenue of $204.00 million for the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. On average, analysts expect that ACM Research, Inc. will post 1.12 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.