SG Americas Securities LLC cut its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR – Free Report) by 90.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 21,351 shares of the specialty retailer’s stock after selling 208,130 shares during the period. SG Americas Securities LLC’s holdings in ACM Research were worth $840,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Maryland State Retirement & Pension System increased its position in shares of ACM Research by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after acquiring an additional 168 shares during the last quarter. MML Investors Services LLC boosted its position in ACM Research by 1.0% during the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock valued at $901,000 after purchasing an additional 217 shares during the last quarter. GAMMA Investing LLC boosted its position in ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 299 shares during the last quarter. Farther Finance Advisors LLC grew its stake in ACM Research by 90.1% in 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 in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of ACM Research by 7.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 416 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ACMR. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Seaport Research Partners initiated coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. Finally, Roth Mkm set a $125.00 price objective on shares of ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.
Insider Activity at ACM Research
In other ACM Research news, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $260,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Wang sold 40,002 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the sale, the insider owned 802,708 shares of the company’s stock, valued at $68,872,346.40. This trade represents a 4.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 128,752 shares of company stock worth $11,012,198. 24.36% of the stock is currently owned by corporate insiders.
ACM Research Price Performance
ACMR opened at $97.77 on Monday. The stock’s fifty day simple moving average is $81.33 and its 200 day simple moving average is $61.17. ACM Research, Inc. has a 1-year low of $23.03 and a 1-year high of $127.19. The stock has a market cap of $5.99 billion, a PE ratio of 74.63 and a beta of 1.90. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11.
ACM Research (NASDAQ:ACMR – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the previous year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 34.2% compared to the same quarter last year. As a group, research analysts expect that ACM Research, Inc. will post 1.02 earnings per share for the current year.
ACM Research Company Profile
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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