Barclays PLC Has $2.79 Million Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Barclays PLC raised its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 63.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,584 shares of the specialty retailer's stock after acquiring an additional 53,319 shares during the period. Barclays PLC owned about 0.24% of ACM Research worth $2,793,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cim LLC raised its stake in shares of ACM Research by 8.6% in the second quarter. Cim LLC now owns 16,788 shares of the specialty retailer's stock valued at $387,000 after purchasing an additional 1,326 shares in the last quarter. Sei Investments Co. raised its stake in shares of ACM Research by 6.7% in the 2nd quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer's stock valued at $501,000 after buying an additional 1,358 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of ACM Research by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer's stock worth $449,000 after acquiring an additional 1,382 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of ACM Research during the 3rd quarter valued at about $37,000. Finally, ClariVest Asset Management LLC increased its stake in ACM Research by 1.5% in the second quarter. ClariVest Asset Management LLC now owns 131,914 shares of the specialty retailer's stock valued at $3,042,000 after acquiring an additional 1,964 shares during the period. Institutional investors own 66.75% of the company's stock.

Insider Activity

In other ACM Research news, major shareholder Science & Technology Shanghai sold 26,300 shares of ACM Research stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total value of $526,263.00. Following the completion of the transaction, the insider now directly owns 3,403,906 shares of the company's stock, valued at $68,112,159.06. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Xiao Xing sold 8,304 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total transaction of $167,657.76. Following the sale, the director now owns 3,430,206 shares in the company, valued at $69,255,859.14. The trade was a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,244,016 shares of company stock valued at $26,939,953. 31.24% of the stock is owned by company insiders.

ACM Research Stock Performance

Shares of ACMR traded up $0.09 during midday trading on Wednesday, reaching $15.38. The stock had a trading volume of 363,453 shares, compared to its average volume of 1,458,879. The firm has a market cap of $885.98 million, a PE ratio of 11.65 and a beta of 1.48. The firm has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $19.23. ACM Research, Inc. has a one year low of $13.87 and a one year high of $34.40. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.28 by $0.35. The firm 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 company's quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, sell-side analysts anticipate that ACM Research, Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on ACMR. Needham & Company LLC lowered ACM Research from a "buy" rating to a "hold" rating and set a $25.00 price target on the stock. in a research report on Wednesday, December 4th. Craig Hallum cut shares of ACM Research from a "buy" rating to a "hold" rating and reduced their price target for the company from $30.00 to $18.00 in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, ACM Research presently has an average rating of "Moderate Buy" and an average price target of $30.00.

About ACM Research

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.