FNY Investment Advisers LLC Makes New $888,000 Investment in ACM Research, Inc. $ACMR

FNY Investment Advisers LLC bought a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,000 shares of the specialty retailer’s stock, valued at approximately $888,000.

A number of other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ACM Research by 10.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 3,065 shares in the last quarter. Caxton Associates LLP bought a new position in ACM Research during the first quarter worth about $250,000. Strs Ohio acquired a new stake in ACM Research in the 1st quarter worth about $133,000. Creative Planning acquired a new stake in ACM Research in the 2nd quarter worth about $212,000. Finally, Norges Bank bought a new stake in ACM Research in the 2nd quarter valued at about $739,000. Institutional investors own 66.75% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $331,100. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sotheara Cheav sold 13,351 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,515,170.30. This trade represents a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 123,752 shares of company stock worth $10,752,198. 24.36% of the stock is currently owned by corporate insiders.

ACM Research Stock Down 1.2%

ACMR stock opened at $78.98 on Friday. The company has a market cap of $4.84 billion, a PE ratio of 60.29 and a beta of 1.96. The business has a 50-day simple moving average of $92.14 and a 200 day simple moving average of $68.41. ACM Research, Inc. has a 52 week low of $23.59 and a 52 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 quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Sell-side analysts anticipate that ACM Research, Inc. will post 1.02 EPS 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.