Leuthold Group LLC Makes New Investment in ACM Research, Inc. $ACMR

Leuthold Group LLC acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,362 shares of the specialty retailer’s stock, valued at approximately $330,000.

Several other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in shares of ACM Research by 396.3% in the third quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock worth $13,187,000 after purchasing an additional 269,094 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of ACM Research in the third quarter worth approximately $886,000. Hussman Strategic Advisors Inc. bought a new position in shares of ACM Research in the third quarter worth approximately $2,054,000. State of Alaska Department of Revenue bought a new position in shares of ACM Research in the third quarter worth approximately $1,011,000. Finally, Belpointe Asset Management LLC bought a new position in shares of ACM Research in the third quarter worth approximately $989,000. Institutional investors own 66.75% of the company’s stock.

Analysts Set New Price Targets

ACMR has been the topic of several research analyst reports. Seaport Research Partners initiated coverage on shares of ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective on the stock. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

Insider Activity at ACM Research

In other news, Director Tracy Liu sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00. Following the completion of the sale, the director owned 110,772 shares of the company’s stock, valued at approximately $5,307,086.52. This represents a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 5,000 shares of the company’s stock, valued at approximately $260,000. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 65,000 shares of company stock valued at $3,110,750. 25.00% of the stock is owned by insiders.

ACM Research Price Performance

Shares of ACMR opened at $63.67 on Monday. The firm has a market cap of $3.90 billion, a P/E ratio of 48.60 and a beta of 1.82. The stock has a 50 day simple moving average of $49.27 and a two-hundred day simple moving average of $47.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. ACM Research, Inc. has a 1 year low of $21.87 and a 1 year high of $71.65.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The business had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.ACM Research’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. On average, analysts forecast that ACM Research, Inc. will post 1.2 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.