Fmr LLC Buys 12,685 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Fmr LLC lifted its position in ACM Research, Inc. (NASDAQ:ACMR) by 507.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,185 shares of the specialty retailer’s stock after purchasing an additional 12,685 shares during the quarter. Fmr LLC’s holdings in ACM Research were worth $308,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Millennium Management LLC boosted its position in ACM Research by 283.9% in the second quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after buying an additional 683,361 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of ACM Research by 9.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 408,135 shares of the specialty retailer’s stock worth $9,412,000 after acquiring an additional 34,066 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in ACM Research by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock worth $8,239,000 after acquiring an additional 13,879 shares during the last quarter. Citigroup Inc. increased its holdings in ACM Research by 8.7% during the 3rd quarter. Citigroup Inc. now owns 340,207 shares of the specialty retailer’s stock valued at $6,906,000 after purchasing an additional 27,178 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in ACM Research by 8.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 235,860 shares of the specialty retailer’s stock valued at $5,439,000 after purchasing an additional 18,830 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

Insider Activity at ACM Research

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 transaction of $167,657.76. Following the transaction, the director now owns 3,430,206 shares in the company, valued at approximately $69,255,859.14. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Haiping Dun sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the transaction, the director now owns 774,148 shares in the company, valued at approximately $14,801,709.76. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,244,016 shares of company stock worth $26,939,953 over the last ninety days. Company insiders own 31.24% of the company’s stock.

ACM Research Stock Down 2.0 %

Shares of ACMR opened at $14.91 on Friday. The firm has a market capitalization of $858.91 million, a price-to-earnings ratio of 11.30 and a beta of 1.48. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $34.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The business’s fifty day moving average price is $17.87 and its two-hundred day moving average price is $19.37.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm had revenue of $204.00 million during the quarter, compared to analyst estimates of $191.18 million. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue was up 21.0% on a year-over-year basis. On average, analysts predict that ACM Research, Inc. will post 1.12 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on ACMR. Craig Hallum cut ACM Research from a “buy” rating to a “hold” rating and decreased their target price for the stock from $30.00 to $18.00 in a report on Thursday, December 5th. Needham & Company LLC downgraded 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

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.