Rhumbline Advisers Decreases Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Rhumbline Advisers lowered its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,454 shares of the specialty retailer’s stock after selling 810 shares during the period. Rhumbline Advisers owned about 0.13% of ACM Research worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in ACM Research by 297.1% during the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after buying an additional 1,444 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of ACM Research in the second quarter valued at about $59,000. Lazard Asset Management LLC lifted its holdings 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 valued at $93,000 after purchasing an additional 2,970 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of ACM Research in the first quarter valued at about $196,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of ACM Research in the fourth quarter valued at about $145,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Performance

NASDAQ:ACMR opened at $17.04 on Friday. The firm has a 50 day simple moving average of $18.41 and a 200-day simple moving average of $23.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.29 and a quick ratio of 1.26. The firm has a market cap of $971.06 million, a PE ratio of 12.91 and a beta of 1.52. ACM Research, Inc. has a 1-year low of $12.53 and a 1-year high of $34.40.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 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 firm had revenue of $202.50 million during the quarter, compared to analyst estimates of $163.05 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. ACM Research’s revenue for the quarter was up 40.0% compared to the same quarter last year. On average, equities analysts expect that ACM Research, Inc. will post 0.92 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on ACMR. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of ACM Research in a report on Wednesday, August 7th. Roth Mkm reduced their price target on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of ACM Research in a report on Thursday, August 8th.

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.