Penn Capital Management Company LLC acquired a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 435,843 shares of the specialty retailer’s stock, valued at approximately $17,212,000. ACM Research accounts for about 1.4% of Penn Capital Management Company LLC’s investment portfolio, making the stock its 19th biggest holding.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACMR. Farther Finance Advisors LLC boosted its position in ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 308 shares during the period. Hantz Financial Services Inc. boosted its position in ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares during the period. Leonteq Securities AG acquired a new position in ACM Research during the 4th quarter worth $28,000. Jones Financial Companies Lllp boosted its position in ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 515 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners assumed coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Finally, Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.00.
ACM Research Stock Up 17.9%
ACMR opened at $86.46 on Wednesday. ACM Research, Inc. has a one year low of $21.87 and a one year high of $86.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The stock’s fifty day moving average is $52.84 and its 200-day moving average is $48.79. The company has a market capitalization of $5.29 billion, a PE ratio of 66.00 and a beta of 1.82.
ACM Research (NASDAQ:ACMR – Get Free Report) last posted 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. The company had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The company’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. On average, equities analysts predict that ACM Research, Inc. will post 1.2 EPS for the current fiscal year.
Insider Transactions at ACM Research
In other news, Director Charles C. Pappis sold 5,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at $260,000. The trade was 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 available at this link. Also, Director Tracy Liu sold 15,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total value of $718,650.00. Following the sale, the director directly owned 110,772 shares in the company, valued at $5,307,086.52. This trade represents a 11.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,000 shares of company stock valued at $3,441,850 over the last three months. Company insiders own 25.00% of the company’s stock.
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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