Janney Montgomery Scott LLC Buys 18,617 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Janney Montgomery Scott LLC increased its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 35.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,655 shares of the specialty retailer’s stock after purchasing an additional 18,617 shares during the quarter. Janney Montgomery Scott LLC owned 0.12% of ACM Research worth $1,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Erste Asset Management GmbH bought a new stake in ACM Research in the third quarter worth about $37,000. Truvestments Capital LLC purchased a new stake in shares of ACM Research in the third quarter worth approximately $72,000. CWM LLC lifted its stake in shares of ACM Research by 128.4% during the 3rd quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock worth $89,000 after acquiring an additional 2,478 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in ACM Research during the 3rd quarter valued at $203,000. Finally, Intech Investment Management LLC bought a new position in ACM Research in the 3rd quarter valued at $254,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Transactions at ACM Research

In other ACM Research news, Director Haiping Dun sold 15,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.12, for a total transaction of $286,800.00. Following the completion of the sale, the director now directly owns 774,148 shares of the company’s stock, valued at approximately $14,801,709.76. This represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.08, for a total transaction of $1,073,250.00. Following the completion of the sale, the insider now owns 710,506 shares in the company, valued at $13,556,454.48. This represents a 7.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,500 shares of company stock valued at $2,366,363. Company insiders own 31.24% of the company’s stock.

ACM Research Price Performance

Shares of ACMR stock opened at $20.85 on Thursday. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $34.40. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $16.61 and a two-hundred day simple moving average of $17.95. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 15.80 and a beta of 1.58.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The company had revenue of $204.00 million during the quarter, compared to analyst estimates of $191.18 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, analysts predict that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Craig Hallum downgraded 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 research report 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 price objective for the company. in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.00.

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.