Strs Ohio Acquires 8,800 Shares of ACM Research, Inc. $ACMR

Strs Ohio increased its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 131.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,500 shares of the specialty retailer’s stock after buying an additional 8,800 shares during the quarter. Strs Ohio’s holdings in ACM Research were worth $610,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in ACM Research by 444.5% in the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after acquiring an additional 1,095,634 shares during the period. Janus Henderson Group PLC grew its position in shares of ACM Research by 1,406.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock valued at $42,740,000 after acquiring an additional 1,011,088 shares during the period. Morgan Stanley grew its position in shares of ACM Research by 58.8% during the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after acquiring an additional 515,340 shares during the period. Cederberg Capital Ltd purchased a new stake in shares of ACM Research in the 3rd quarter worth $19,428,000. Finally, Penn Capital Management Company LLC bought a new position in ACM Research in the 4th quarter worth $17,212,000. 66.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACMR has been the subject of several recent research reports. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Seaport Research Partners initiated coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Two investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

ACM Research Stock Performance

NASDAQ:ACMR opened at $106.04 on Friday. The stock has a 50-day moving average price of $85.02 and a 200 day moving average price of $62.90. The stock has a market capitalization of $6.49 billion, a P/E ratio of 80.95 and a beta of 1.90. ACM Research, Inc. has a 12-month low of $23.03 and a 12-month high of $127.19. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping 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 company 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 firm’s revenue was up 34.2% compared to the same quarter last year. Equities research analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Insider Activity 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 shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $260,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David H. Wang sold 40,002 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the transaction, the insider owned 802,708 shares of the company’s stock, valued at approximately $68,872,346.40. This represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 128,752 shares of company stock worth $11,012,198. 24.36% of the stock is currently owned by corporate insiders.

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.