OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 43,438 Shares of ACM Research, Inc. $ACMR

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of ACM Research, Inc. (NASDAQ:ACMRFree Report) by 54.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,958 shares of the specialty retailer’s stock after selling 43,438 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ACM Research were worth $1,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ACMR. Farther Finance Advisors LLC increased its position in shares of ACM Research by 90.1% during the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares during the period. Hantz Financial Services Inc. increased its position in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 480 shares during the period. Leonteq Securities AG bought a new stake in shares of ACM Research during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp increased its position in shares of ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 515 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 1,122 shares during the period. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Performance

Shares of NASDAQ:ACMR opened at $95.21 on Tuesday. The business’s fifty day moving average price is $65.10 and its two-hundred day moving average price is $54.25. ACM Research, Inc. has a fifty-two week low of $23.03 and a fifty-two week high of $99.45. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 72.68 and a beta of 2.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52.

ACM Research (NASDAQ:ACMRGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the prior year, the business posted $0.46 earnings per share. The business’s revenue was up 34.2% compared to the same quarter last year. As a group, analysts predict that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Seaport Research Partners assumed coverage on ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target on the stock. Roth Mkm reiterated a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research report on Monday, June 1st. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ACM Research presently has a consensus rating of “Hold” and a consensus price target of $100.00.

Read Our Latest Analysis on ACM Research

Insiders Place Their Bets

In other news, Director Haiping Dun sold 5,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the sale, the director owned 5,000 shares in the company, valued at approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the sale, the director owned 5,000 shares in the company, valued at $260,000. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 128,752 shares of company stock worth $11,012,198 over the last ninety days. Company insiders own 24.36% of the company’s stock.

About ACM Research

(Free Report)

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.

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Institutional Ownership by Quarter for ACM Research (NASDAQ:ACMR)

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