Janney Montgomery Scott LLC Grows Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

Janney Montgomery Scott LLC increased its stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 35.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,655 shares of the specialty retailer's stock after purchasing an additional 18,617 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.12% of ACM Research worth $1,067,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Erste Asset Management GmbH purchased a new stake in ACM Research in the third quarter valued at about $37,000. Truvestments Capital LLC purchased a new stake in ACM Research in the third quarter valued at about $72,000. CWM LLC raised its stake in ACM Research by 128.4% in the third quarter. CWM LLC now owns 4,408 shares of the specialty retailer's stock valued at $89,000 after buying an additional 2,478 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in ACM Research in the third quarter valued at about $203,000. Finally, Intech Investment Management LLC purchased a new stake in ACM Research in the third quarter valued at about $254,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

ACM Research Stock Performance

Shares of ACMR stock traded down $0.25 during mid-day trading on Friday, reaching $22.76. The stock had a trading volume of 1,689,882 shares, compared to its average volume of 1,453,941. The business's fifty day moving average is $16.83 and its 200-day moving average is $17.99. 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 firm has a market cap of $1.31 billion, a price-to-earnings ratio of 17.24 and a beta of 1.58. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $34.40.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.35. The business had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The company's revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. On average, research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Haiping Dun sold 15,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $19.12, for a total transaction of $286,800.00. Following the sale, the director now directly owns 774,148 shares of the company's stock, valued at $14,801,709.76. This trade represents a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David H. Wang sold 56,250 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total value of $1,006,312.50. Following the completion of the sale, the insider now directly owns 654,256 shares in the company, valued at approximately $11,704,639.84. The trade was a 7.92 % decrease in their ownership of the stock. 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 over the last ninety days. Company insiders own 31.24% of the company's stock.

Analyst Upgrades and Downgrades

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

ACM Research Company 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.