Principal Financial Group Inc. Purchases 269,094 Shares of ACM Research, Inc. $ACMR

Principal Financial Group Inc. lifted its position in ACM Research, Inc. (NASDAQ:ACMR) by 396.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 336,993 shares of the specialty retailer’s stock after buying an additional 269,094 shares during the period. Principal Financial Group Inc.’s holdings in ACM Research were worth $13,187,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ACMR. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 1,122 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of ACM Research during the second quarter worth $114,000. Strs Ohio purchased a new stake in shares of ACM Research during the 1st quarter valued at $133,000. Lazard Asset Management LLC boosted its position in shares of ACM Research by 27.9% in the 2nd quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of ACM Research by 7.3% in 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 in the last quarter. Institutional investors own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ACMR. Zacks Research upgraded ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a research report on Wednesday, November 5th. Finally, Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Four analysts have 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, the company has a consensus rating of “Moderate Buy” and an average price target of $38.00.

ACM Research Trading Up 0.4%

Shares of NASDAQ:ACMR opened at $62.92 on Wednesday. The company has a quick ratio of 2.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 52-week low of $16.82 and a 52-week high of $64.79. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 36.58 and a beta of 1.49. The business has a 50-day moving average price of $46.97 and a 200-day moving average price of $38.06.

Insider Buying and Selling

In other news, insider Lisa Feng sold 15,000 shares of the stock in a transaction 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 sale, the insider owned 50,001 shares in the company, valued at $1,688,533.77. This represents a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fuping Chen sold 100,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $33.20, for a total transaction of $3,320,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 265,000 shares of company stock worth $8,849,150. 25.00% of the stock is owned by company insiders.

ACM Research 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.