Janney Montgomery Scott LLC Purchases New Shares in ACM Research, Inc. (NASDAQ:ACMR)

Janney Montgomery Scott LLC purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 52,038 shares of the specialty retailer’s stock, valued at approximately $1,056,000. Janney Montgomery Scott LLC owned about 0.09% of ACM Research at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC raised its position in ACM Research by 297.1% in the 2nd 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. Picton Mahoney Asset Management purchased a new stake in ACM Research in the 2nd quarter valued at $59,000. Lazard Asset Management LLC raised its position in ACM Research by 1,197.6% in the 1st 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 ACM Research in the 2nd quarter valued at $99,000. Finally, Palouse Capital Management Inc. purchased a new stake in ACM Research in the 2nd quarter valued at $105,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ACM Research news, Director Xiao Xing sold 8,304 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total value of $167,657.76. Following the completion of the transaction, the director now owns 3,430,206 shares in the company, valued at $69,255,859.14. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Mckechnie sold 16,516 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $22.00, for a total value of $363,352.00. Following the completion of the transaction, the insider now owns 900 shares of the company’s stock, valued at approximately $19,800. This represents a 94.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,116,516 shares of company stock valued at $24,573,590. 31.24% of the stock is owned by insiders.

ACM Research Trading Down 2.1 %

Shares of ACM Research stock opened at $18.33 on Friday. ACM Research, Inc. has a 1 year low of $13.94 and a 1 year high of $34.40. The firm has a market cap of $1.06 billion, a PE ratio of 13.89 and a beta of 1.54. The stock has a fifty day moving average price of $18.94 and a 200-day moving average price of $20.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.35. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The company had revenue of $204.00 million during the quarter, compared to analyst estimates of $191.18 million. During the same quarter last year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities research analysts anticipate that ACM Research, Inc. will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.