Point72 Hong Kong Ltd Sells 215,322 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Point72 Hong Kong Ltd lessened its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 78.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,186 shares of the specialty retailer's stock after selling 215,322 shares during the period. Point72 Hong Kong Ltd owned approximately 0.10% of ACM Research worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Millennium Management LLC lifted its stake in ACM Research by 283.9% during the second 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 last quarter. Algert Global LLC lifted its position in shares of ACM Research by 530.5% during the 3rd quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer's stock worth $3,611,000 after buying an additional 149,670 shares during the last quarter. Richard P Slaughter Associates Inc acquired a new stake in ACM Research in the second quarter valued at about $1,512,000. Seven Eight Capital LP grew its position in ACM Research by 625.1% in the second quarter. Seven Eight Capital LP now owns 75,517 shares of the specialty retailer's stock valued at $1,741,000 after acquiring an additional 65,102 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. raised its stake in ACM Research by 33.3% during the second quarter. Hussman Strategic Advisors Inc. now owns 210,000 shares of the specialty retailer's stock worth $4,843,000 after acquiring an additional 52,500 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

Insider Transactions at ACM Research

In other ACM Research news, Director Xiao Xing sold 8,304 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 3,430,206 shares of the company's stock, valued at approximately $69,255,859.14. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of ACM Research stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total transaction of $526,263.00. Following the completion of the sale, the insider now owns 3,403,906 shares of the company's stock, valued at $68,112,159.06. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,244,016 shares of company stock worth $26,939,953. Company insiders own 31.24% of the company's stock.

ACM Research Trading Down 8.0 %

Shares of ACM Research stock traded down $1.38 during trading on Monday, hitting $15.81. The company's stock had a trading volume of 2,769,430 shares, compared to its average volume of 1,434,224. The stock has a market cap of $910.81 million, a price-to-earnings ratio of 12.11 and a beta of 1.54. ACM Research, Inc. has a 52 week low of $13.94 and a 52 week high of $34.40. The stock has a 50-day moving average price of $19.25 and a two-hundred day moving average price of $20.10. 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 released its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.35. The firm 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 business's revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. Equities research analysts anticipate that ACM Research, Inc. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ACMR shares. Benchmark restated a "buy" rating and issued a $38.00 price target on shares of ACM Research in a research note on Wednesday, August 7th. Roth Mkm cut 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 report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of ACM Research in a report on Tuesday, October 1st.

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.