Harbour Capital Advisors LLC Purchases 3,625 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Harbour Capital Advisors LLC raised its position in ACM Research, Inc. (NASDAQ:ACMR) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,325 shares of the specialty retailer’s stock after acquiring an additional 3,625 shares during the quarter. Harbour Capital Advisors LLC’s holdings in ACM Research were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ACMR. Commonwealth Equity Services LLC boosted its holdings in shares of ACM Research by 15.6% in the second quarter. Commonwealth Equity Services LLC now owns 14,628 shares of the specialty retailer’s stock worth $337,000 after buying an additional 1,970 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of ACM Research by 41.4% during the 2nd quarter. Victory Capital Management Inc. now owns 11,050 shares of the specialty retailer’s stock worth $255,000 after acquiring an additional 3,236 shares during the last quarter. Quest Partners LLC bought a new stake in shares of ACM Research during the 2nd quarter valued at $175,000. American Century Companies Inc. increased its stake in shares of ACM Research by 13.9% in the 2nd quarter. American Century Companies Inc. now owns 110,299 shares of the specialty retailer’s stock worth $2,543,000 after purchasing an additional 13,426 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in ACM Research by 453.7% in the 2nd quarter. Federated Hermes Inc. now owns 6,002 shares of the specialty retailer’s stock worth $138,000 after purchasing an additional 4,918 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Needham & Company LLC lowered ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Wednesday, December 4th. Craig Hallum lowered shares of ACM Research from a “buy” rating to a “hold” rating and reduced their target price for the stock from $30.00 to $18.00 in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

ACM Research Price Performance

NASDAQ:ACMR opened at $15.49 on Tuesday. The business’s 50-day simple moving average is $16.60 and its two-hundred day simple moving average is $18.46. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $34.40. The stock has a market cap of $892.32 million, a PE ratio of 11.73 and a beta of 1.48. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The company had revenue of $204.00 million for the quarter, compared to analysts’ expectations of $191.18 million. During the same period in the previous year, the firm earned $0.41 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. As a group, analysts forecast that ACM Research, Inc. will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling

In other ACM Research news, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the sale, the director now owns 774,148 shares of the company’s stock, valued at $14,801,709.76. The trade was a 1.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David H. Wang sold 56,250 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total value of $1,006,312.50. Following the sale, the insider now directly owns 654,256 shares in the company, valued at $11,704,639.84. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,500 shares of company stock worth $2,366,363. 31.24% of the stock is owned by insiders.

ACM Research Company Profile

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.