Candriam S.C.A. Acquires 10,000 Shares of ACM Research, Inc. $ACMR

Candriam S.C.A. bought a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the third quarter, according to its most recent filing with the SEC. The firm bought 10,000 shares of the specialty retailer’s stock, valued at approximately $812,000.

Other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC boosted its stake in ACM Research by 16,878.8% during the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after purchasing an additional 1,849,914 shares during the period. Dimensional Fund Advisors LP increased its position in ACM Research by 207.6% during the first quarter. Dimensional Fund Advisors LP now owns 719,023 shares of the specialty retailer’s stock worth $28,286,000 after acquiring an additional 485,282 shares during the period. Bank of New York Mellon Corp acquired a new position in ACM Research during the 2nd quarter valued at $41,402,000. Wellington Management Group LLP acquired a new position in ACM Research during the 2nd quarter valued at $22,204,000. Finally, First Trust Advisors LP raised its stake in ACM Research by 73.7% during the 1st quarter. First Trust Advisors LP now owns 373,987 shares of the specialty retailer’s stock valued at $14,716,000 after purchasing an additional 158,664 shares during the last quarter. Institutional investors own 66.75% of the company’s stock.

Insider Activity at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total value of $405,650.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at $405,650. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Wang sold 70,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total transaction of $5,221,300.00. Following the completion of the sale, the insider directly owned 802,708 shares in the company, valued at $59,873,989.72. This represents a 8.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 24.36% of the company’s stock.

ACM Research Stock Up 7.7%

Shares of NASDAQ ACMR opened at $52.43 on Thursday. ACM Research, Inc. has a one year low of $28.46 and a one year high of $127.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.16 and a quick ratio of 2.28. The business’s fifty day moving average price is $63.59 and its 200-day moving average price is $68.36. The stock has a market capitalization of $3.41 billion, a PE ratio of 36.59 and a beta of 2.27.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Thursday, November 5th. The specialty retailer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $367.69 million during the quarter, compared to the consensus estimate of $310.56 million. ACM Research had a net margin of 10.20% and a return on equity of 4.38%. ACM Research’s revenue for the quarter was up 36.6% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. On average, equities research analysts anticipate that ACM Research, Inc. will post 1.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings lowered shares of ACM Research from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Daiwa Securities Group assumed coverage on ACM Research in a research report on Wednesday, August 26th. They set a “buy” rating and a $136.00 target price on the stock. Craig Hallum restated a “buy” rating and set a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Finally, Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, ACM Research has a consensus rating of “Moderate Buy” and a consensus target price of $122.75.

ACM Research Profile

ACM Research, Inc. develops, manufactures and sells equipment used in semiconductor fabrication and advanced packaging. Its products support wafer processing, where precision cleaning and other treatment steps help prepare semiconductor wafers during production. The company’s portfolio includes single-wafer wet-cleaning equipment, electroplating systems, stress-free polishing tools and furnaces, as well as equipment for advanced packaging applications. Its cleaning technologies are designed to remove particles and contaminants from wafers.