8,882 Shares in ACM Research, Inc. (NASDAQ:ACMR) Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,882 shares of the specialty retailer’s stock, valued at approximately $202,000.

Several other hedge funds have also recently modified their holdings of ACMR. Hussman Strategic Advisors Inc. increased its holdings in ACM Research by 0.3% in the 1st quarter. Hussman Strategic Advisors Inc. now owns 157,500 shares of the specialty retailer’s stock valued at $4,590,000 after acquiring an additional 500 shares during the last quarter. Swiss National Bank lifted its position in shares of ACM Research by 1.2% in the first quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock worth $2,558,000 after buying an additional 1,000 shares in the last quarter. CWM LLC boosted its stake in ACM Research by 297.1% during the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 1,444 shares during the last quarter. ProShare Advisors LLC grew its holdings in ACM Research by 16.7% during the 1st quarter. ProShare Advisors LLC now owns 12,908 shares of the specialty retailer’s stock valued at $376,000 after buying an additional 1,850 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its stake in ACM Research by 1.5% in the 2nd quarter. ClariVest Asset Management LLC now owns 131,914 shares of the specialty retailer’s stock worth $3,042,000 after acquiring an additional 1,964 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Up 16.6 %

NASDAQ ACMR opened at $22.04 on Friday. ACM Research, Inc. has a 52 week low of $12.53 and a 52 week high of $34.40. The firm 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 quick ratio of 1.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $17.99 and a two-hundred day moving average of $22.56.

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

Analyst Ratings Changes

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

Insider Transactions at ACM Research

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

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.