Janney Montgomery Scott LLC Makes New $1.06 Million Investment in ACM Research, Inc. (NASDAQ:ACMR)

Janney Montgomery Scott LLC acquired a new position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,038 shares of the specialty retailer's stock, valued at approximately $1,056,000. Janney Montgomery Scott LLC owned approximately 0.09% of ACM Research at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACMR. CWM LLC boosted its stake in ACM Research by 297.1% during the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer's stock worth $45,000 after acquiring an additional 1,444 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of ACM Research during the second quarter valued at about $59,000. Lazard Asset Management LLC boosted its position in shares of ACM Research by 1,197.6% during the 1st quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer's stock worth $93,000 after purchasing an additional 2,970 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of ACM Research in the 2nd quarter valued at about $99,000. Finally, Palouse Capital Management Inc. bought a new stake in ACM Research in the 2nd quarter valued at about $105,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other ACM Research news, insider Mark Mckechnie sold 16,516 shares of the business's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $22.00, for a total value of $363,352.00. Following the transaction, the insider now directly owns 900 shares in the company, valued at $19,800. The trade was a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Science & Technology Shanghai sold 275,000 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $24.07, for a total transaction of $6,619,250.00. Following the sale, the insider now owns 2,428,906 shares of the company's stock, valued at approximately $58,463,767.42. The trade was a 10.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,116,516 shares of company stock valued at $24,573,590 over the last three months. Corporate insiders own 31.24% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on ACMR. Roth Mkm reduced their price objective on ACM Research from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of ACM Research in a research note on Tuesday, October 1st. Finally, Benchmark restated a "buy" rating and set a $38.00 price objective on shares of ACM Research in a report on Wednesday, August 7th.

ACM Research Stock Down 2.1 %

ACMR traded down $0.40 during mid-day trading on Friday, reaching $18.33. 967,439 shares of the stock were exchanged, compared to its average volume of 1,447,026. ACM Research, Inc. has a 1 year low of $13.94 and a 1 year high of $34.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The stock has a market capitalization of $1.06 billion, a PE ratio of 13.89 and a beta of 1.54. The company has a 50 day moving average price of $18.94 and a two-hundred day moving average price of $20.66.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly 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 analysts' expectations of $191.18 million. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The firm's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, research analysts anticipate that ACM Research, Inc. will post 0.92 EPS for the current year.

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.