Segall Bryant & Hamill LLC Sells 18,591 Shares of ACM Research, Inc. $ACMR

Segall Bryant & Hamill LLC cut its stake in ACM Research, Inc. (NASDAQ:ACMR) by 17.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 87,964 shares of the specialty retailer’s stock after selling 18,591 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in ACM Research were worth $3,461,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ACMR. Jefferies Financial Group Inc. bought a new position in shares of ACM Research in the 4th quarter worth approximately $1,054,000. Vanguard Group Inc. lifted its stake in shares of ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after purchasing an additional 125,690 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of ACM Research by 71.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer’s stock valued at $7,436,000 after purchasing an additional 78,800 shares in the last quarter. Penn Capital Management Company LLC bought a new stake in shares of ACM Research during the fourth quarter valued at approximately $17,212,000. Finally, Yong Rong HK Asset Management Ltd bought a new stake in shares of ACM Research during the fourth quarter valued at approximately $2,367,000. 66.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ACMR. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACM Research in a research note on Tuesday, July 21st. Finally, 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. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, ACM Research currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Insider Transactions at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the transaction, the director owned 5,000 shares in the company, valued at $331,100. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sotheara Cheav sold 5,399 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $83.18, for a total transaction of $449,088.82. Following the sale, the insider directly owned 100,002 shares in the company, valued at $8,318,166.36. This trade represents a 5.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 123,752 shares of company stock valued at $10,752,198. Insiders own 24.36% of the company’s stock.

ACM Research Stock Performance

ACM Research stock opened at $78.64 on Tuesday. 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 company has a market capitalization of $4.82 billion, a P/E ratio of 60.03 and a beta of 1.96. The stock’s 50 day moving average is $92.67 and its 200 day moving average is $67.81. ACM Research, Inc. has a twelve month low of $23.03 and a twelve month high of $127.19.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data 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 business had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities research analysts predict that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal 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.