FCG Investment Co Sells 26,448 Shares of ACM Research, Inc. (NASDAQ:ACMR)

FCG Investment Co trimmed its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 59.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 17,716 shares of the specialty retailer's stock after selling 26,448 shares during the quarter. FCG Investment Co's holdings in ACM Research were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC boosted its position 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 valued at $4,115,000 after buying an additional 50,356 shares during the period. Swiss National Bank grew its position in ACM Research by 1.2% during the 1st quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer's stock worth $2,558,000 after acquiring an additional 1,000 shares during the last quarter. Millennium Management LLC increased its stake in ACM Research by 283.9% in the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer's stock worth $21,310,000 after purchasing an additional 683,361 shares during the period. Richard P Slaughter Associates Inc lifted its position 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 purchasing an additional 62,247 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of ACM Research by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 300,635 shares of the specialty retailer's stock valued at $8,761,000 after purchasing an additional 12,593 shares during the period. Hedge funds and other institutional investors own 66.75% of the company's stock.

Analyst Ratings Changes

ACMR has been the topic of several analyst reports. Roth Mkm decreased their target price on shares of ACM Research from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Benchmark reiterated a "buy" rating and set a $38.00 target price on shares of ACM Research in a report on Wednesday, August 7th. Finally, Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of ACM Research in a report on Tuesday, October 1st.

Insider Buying and Selling

In other ACM Research news, Director Xiao Xing sold 8,304 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $20.19, for a total value of $167,657.76. Following the sale, the director now owns 3,430,206 shares in the company, valued at approximately $69,255,859.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Xiao Xing sold 8,304 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total value of $167,657.76. Following the sale, the director now directly owns 3,430,206 shares of the company's stock, valued at approximately $69,255,859.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Mckechnie sold 16,516 shares of ACM Research stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $22.00, for a total value of $363,352.00. Following the completion of the transaction, the insider now directly owns 900 shares of the company's stock, valued at approximately $19,800. This represents a 0.00 % 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 worth $24,573,590 in the last three months. 31.24% of the stock is owned by corporate insiders.

ACM Research Trading Up 0.9 %

Shares of NASDAQ:ACMR traded up $0.17 on Monday, hitting $19.69. The company had a trading volume of 687,672 shares, compared to its average volume of 1,452,392. The firm's 50-day simple moving average is $18.68 and its two-hundred day simple moving average is $21.47. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.92 and a beta of 1.52. The company has a quick ratio of 1.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.07. ACM Research, Inc. has a 1 year low of $12.53 and a 1 year high of $34.40.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.25. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The business had revenue of $202.50 million for the quarter, compared to analysts' expectations of $163.05 million. During the same period in the previous year, the firm posted $0.45 EPS. The business's revenue was up 40.0% on a year-over-year basis. Equities analysts anticipate that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal 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.