ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 84.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,171 shares of the specialty retailer's stock after selling 705,714 shares during the period. JPMorgan Chase & Co. owned 0.23% of ACM Research worth $2,724,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

ACM Research Stock Up 5.4 %

ACM Research stock traded up $0.95 during midday trading on Tuesday, hitting $18.59. 1,252,083 shares of the company were exchanged, compared to its average volume of 1,240,479. The company has a market cap of $1.07 billion, a PE ratio of 14.08 and a beta of 1.48. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $34.40. The company's fifty day moving average price is $16.46 and its 200-day moving average price is $18.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, topping analysts' consensus estimates 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 business'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 posted $0.41 earnings per share. On average, research analysts predict that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In other news, insider David H. Wang sold 56,250 shares of the business's stock in a transaction dated 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 owns 654,256 shares of the company's stock, valued at approximately $11,704,639.84. The trade was a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction dated Friday, November 22nd. The stock was 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 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 disclosure for this sale can be found here. Insiders sold 127,500 shares of company stock worth $2,366,363 over the last ninety days. Corporate insiders own 31.24% of the company's stock.

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.