Barclays PLC Grows Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Barclays PLC boosted its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 63.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,584 shares of the specialty retailer’s stock after acquiring an additional 53,319 shares during the period. Barclays PLC owned 0.24% of ACM Research worth $2,793,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of ACM Research by 39.3% during the 2nd quarter. AQR Capital Management LLC now owns 178,460 shares of the specialty retailer’s stock valued at $4,115,000 after buying an additional 50,356 shares in the last quarter. Richard P Slaughter Associates Inc raised its holdings in ACM Research by 94.9% during 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 acquiring an additional 62,247 shares during the period. Millennium Management LLC lifted its position 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 valued at $21,310,000 after acquiring an additional 683,361 shares in the last quarter. Algert Global LLC boosted its stake in shares of ACM Research by 530.5% in the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock worth $3,611,000 after acquiring an additional 149,670 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in ACM Research during the 3rd quarter valued at approximately $1,056,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Up 0.6 %

NASDAQ ACMR opened at $15.38 on Wednesday. The stock has a 50 day moving average price of $17.75 and a 200-day moving average price of $19.28. ACM Research, Inc. has a one year low of $13.87 and a one year 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 company has a market capitalization of $885.98 million, a P/E ratio of 11.65 and a beta of 1.48.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data 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 business had revenue of $204.00 million during the quarter, compared to analyst estimates of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. ACM Research’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. As a group, equities analysts predict that ACM Research, Inc. will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Craig Hallum downgraded ACM Research from a “buy” rating to a “hold” rating and dropped their price target 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 target price for the company. in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, ACM Research has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Insiders Place Their Bets

In other ACM Research news, Director Xiao Xing sold 8,304 shares of ACM Research stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $20.19, for a total transaction of $167,657.76. Following the completion of the transaction, the director now directly owns 3,430,206 shares of the company’s stock, valued at $69,255,859.14. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Haiping Dun sold 15,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total transaction of $286,800.00. Following the transaction, the director now owns 774,148 shares in the company, valued at $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 valued at $26,939,953 over the last ninety days. 31.24% of the stock is owned by insiders.

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.