Illinois Municipal Retirement Fund Acquires 7,377 Shares of ACM Research, Inc. $ACMR

Illinois Municipal Retirement Fund increased its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 30.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,532 shares of the specialty retailer’s stock after purchasing an additional 7,377 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of ACM Research worth $1,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Maryland State Retirement & Pension System lifted its holdings in ACM Research by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock worth $306,000 after buying an additional 168 shares during the period. MML Investors Services LLC increased its stake in shares of ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock valued at $901,000 after buying an additional 217 shares during the period. First Growth Capital LLC increased its stake in shares of ACM Research by 5.4% in the first quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 285 shares during the period. GAMMA Investing LLC raised its position in shares of ACM Research by 38.8% during the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 299 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of ACM Research by 90.1% during the fourth 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 last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider David H. Wang sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at $72,283,855.40. This trade represents a 6.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the sale, the director owned 5,000 shares of the company’s stock, valued at $331,100. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 123,752 shares of company stock worth $10,752,198. Corporate insiders own 24.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ACMR. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Roth Capital set a $125.00 price target on shares of ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Seaport Research Partners assumed coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

ACM Research Stock Performance

ACMR stock opened at $89.51 on Thursday. The firm has a market cap of $5.48 billion, a PE ratio of 68.33 and a beta of 1.90. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $91.09 and a 200-day moving average price of $66.16. ACM Research, Inc. has a 1-year low of $23.03 and a 1-year high of $127.19.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $215.69 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 34.2% compared to the same quarter last year. As a group, equities research analysts expect that ACM Research, Inc. will post 1.02 earnings per share 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.