SG Americas Securities LLC Buys Shares of 382,905 ACM Research, Inc. (NASDAQ:ACMR)

SG Americas Securities LLC purchased a new position in ACM Research, Inc. (NASDAQ:ACMR) in the fourth quarter, HoldingsChannel reports. The firm purchased 382,905 shares of the specialty retailer’s stock, valued at approximately $5,782,000.

Several other institutional investors and hedge funds have also made changes to their positions in ACMR. AQR Capital Management LLC raised its holdings in ACM Research by 39.3% during the second quarter. AQR Capital Management LLC now owns 178,460 shares of the specialty retailer’s stock worth $4,115,000 after purchasing an additional 50,356 shares in the last quarter. Richard P Slaughter Associates Inc raised its stake in shares of ACM Research by 94.9% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock worth $2,595,000 after buying an additional 62,247 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of ACM Research by 283.9% in the second quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after buying an additional 683,361 shares during the period. Janney Montgomery Scott LLC bought a new position in ACM Research during the third quarter valued at about $1,056,000. Finally, Algert Global LLC boosted its stake in ACM Research by 530.5% during the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock valued at $3,611,000 after buying an additional 149,670 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

ACM Research Trading Up 1.0 %

Shares of ACMR opened at $18.60 on Friday. The business’s 50-day moving average price is $16.46 and its 200 day moving average price is $18.19. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.07 billion, a P/E ratio of 14.09 and a beta of 1.48. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $34.40.

ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.35. The business had revenue of $204.00 million for the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Craig Hallum cut shares of ACM Research from a “buy” rating to a “hold” rating and dropped their price target for the stock from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC lowered shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, ACM Research has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $19.08, for a total transaction of $1,073,250.00. Following the completion of the sale, the insider now directly owns 710,506 shares in the company, valued at approximately $13,556,454.48. This trade represents a 7.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Haiping Dun sold 15,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.12, for a total value of $286,800.00. Following the completion of the transaction, the director now owns 774,148 shares in the company, valued at $14,801,709.76. This represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 127,500 shares of company stock valued at $2,366,363 in the last three months. 31.24% of the stock is currently owned by company insiders.

ACM Research Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.