25,856 Shares in ACM Research, Inc. $ACMR Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue bought a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) in the 3rd quarter, Holdings Channel reports. The fund bought 25,856 shares of the specialty retailer’s stock, valued at approximately $1,011,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in shares of ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares in the last quarter. Headlands Technologies LLC acquired a new stake in ACM Research during the second quarter worth about $114,000. Lazard Asset Management LLC lifted its holdings in ACM Research by 27.9% in the second quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer’s stock worth $135,000 after acquiring an additional 1,145 shares during the last quarter. Strs Ohio bought a new position in shares of ACM Research during the first quarter valued at approximately $133,000. Finally, Blue Trust Inc. raised its position in shares of ACM Research by 8.1% during the 3rd quarter. Blue Trust Inc. now owns 5,997 shares of the specialty retailer’s stock worth $235,000 after purchasing an additional 449 shares during the period. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on ACMR. Zacks Research upgraded ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Roth Capital reissued a “buy” rating and issued a $40.00 price target on shares of ACM Research in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, ACM Research has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Insider Transactions at ACM Research

In other news, insider Fuping Chen sold 20,000 shares of ACM Research stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $661,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Feng sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total value of $506,550.00. Following the completion of the sale, the insider owned 50,001 shares of the company’s stock, valued at approximately $1,688,533.77. This trade represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 265,000 shares of company stock worth $8,849,150. Insiders own 25.00% of the company’s stock.

ACM Research Price Performance

Shares of ACMR stock opened at $53.62 on Friday. The stock has a 50 day moving average of $38.82 and a two-hundred day moving average of $34.78. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.21 billion, a P/E ratio of 31.17 and a beta of 1.46. ACM Research, Inc. has a 12 month low of $16.80 and a 12 month high of $54.83.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The business had revenue of $269.16 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter last year, the firm posted $0.63 earnings per share. ACM Research’s revenue was up 32.0% on a year-over-year basis. As a group, equities analysts expect that ACM Research, Inc. will post 1.17 EPS 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.