57,148 Shares in ACM Research, Inc. $ACMR Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) in the 1st quarter, HoldingsChannel reports. The fund bought 57,148 shares of the specialty retailer’s stock, valued at approximately $2,249,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares during the last quarter. Hantz Financial Services Inc. raised its stake in ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares during the period. Leonteq Securities AG bought a new position in ACM Research in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its stake in ACM Research by 656.1% in 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 period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of ACM Research by 152.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,379 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 833 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACMR. Weiss Ratings reissued a “hold (c+)” rating on shares of ACM Research in a report on Tuesday, July 21st. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Morgan Stanley reissued an “overweight” rating and set a $130.00 price target (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Seaport Research Partners assumed coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Finally, Roth Capital set a $125.00 price objective on shares of ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Insider Activity at ACM Research

In other news, insider Sotheara Cheav sold 13,351 shares of ACM Research stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the transaction, the insider directly owned 100,002 shares in the company, valued at approximately $8,515,170.30. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total value of $5,403,000.00. Following the completion of the sale, the insider directly owned 802,708 shares in the company, valued at $72,283,855.40. This represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 123,752 shares of company stock worth $10,752,198 over the last quarter. 24.36% of the stock is currently owned by company insiders.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $78.47 on Friday. The stock has a market cap of $4.80 billion, a P/E ratio of 59.90 and a beta of 1.90. The firm’s 50-day simple moving average is $92.57 and its 200 day simple moving average is $67.51. ACM Research, Inc. has a fifty-two week low of $23.03 and a fifty-two week high of $127.19. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. ACM Research’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Equities analysts expect 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.