ACM Research, Inc. $ACMR Stake Raised by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC raised its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,166 shares of the specialty retailer’s stock after acquiring an additional 7,136 shares during the quarter. ACM Research accounts for about 2.0% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 12th biggest holding. RPg Family Wealth Advisory LLC owned 0.15% of ACM Research worth $12,456,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ACM Research by 10.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 3,065 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of ACM Research in the 1st quarter worth approximately $250,000. Strs Ohio bought a new stake in shares of ACM Research in the 1st quarter worth approximately $133,000. Creative Planning acquired a new stake in ACM Research during the second quarter valued at approximately $212,000. Finally, Norges Bank acquired a new stake in ACM Research during the second quarter valued at approximately $739,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Price Performance

ACMR stock opened at $74.42 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. The firm has a market capitalization of $4.81 billion, a P/E ratio of 35.44 and a beta of 1.96. ACM Research, Inc. has a 52-week low of $26.10 and a 52-week high of $127.19. The company’s 50 day simple moving average is $88.88 and its 200-day simple moving average is $71.16.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The firm had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue was up 36.0% on a year-over-year basis. As a group, equities research analysts anticipate that ACM Research, Inc. will post 1.68 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ACMR. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Seaport Research Partners began coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Roth Capital set a $125.00 target price on ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $122.75.

Insider Transactions at ACM Research

In related news, insider Sotheara Cheav sold 5,399 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $83.18, for a total value of $449,088.82. Following the completion of the sale, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,318,166.36. This represents a 5.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David H. Wang sold 40,002 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the sale, the insider owned 802,708 shares of the company’s stock, valued at $68,872,346.40. The trade was a 4.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,752 shares of company stock valued at $10,826,748 over the last quarter. Company insiders own 24.36% of the company’s stock.

ACM Research 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.