ACM Research, Inc. $ACMR Position Reduced by Triata Capital Ltd

Triata Capital Ltd trimmed its position in ACM Research, Inc. (NASDAQ:ACMR) by 3.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,929,919 shares of the specialty retailer’s stock after selling 73,306 shares during the period. ACM Research comprises approximately 9.2% of Triata Capital Ltd’s holdings, making the stock its 4th biggest holding. Triata Capital Ltd’s holdings in ACM Research were worth $76,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares in the last quarter. Hantz Financial Services Inc. grew its position in ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. Leonteq Securities AG bought a new position in ACM Research during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its position in ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 515 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew 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. 66.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACMR. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Mkm reissued a “buy” rating and set a $100.00 price objective on shares of ACM Research in a research report on Monday, June 1st. Seaport Research Partners started coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $100.00.

Insiders Place Their Bets

In related news, insider Sotheara Cheav sold 13,351 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total value of $1,136,837.65. Following the transaction, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,515,170.30. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,752 shares of company stock valued at $11,012,198 in the last 90 days. 24.36% of the stock is currently owned by company insiders.

ACM Research Stock Down 4.2%

ACMR stock opened at $91.18 on Wednesday. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $99.97. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.58 billion, a P/E ratio of 69.60 and a beta of 2.01. The business’s 50-day moving average price is $66.12 and its 200-day moving average price is $54.66.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 34.2% on a year-over-year basis. On average, equities research analysts forecast that ACM Research, Inc. will post 1.02 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.