SG Americas Securities LLC acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 382,905 shares of the specialty retailer's stock, valued at approximately $5,782,000. SG Americas Securities LLC owned about 0.66% of ACM Research at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position 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 last quarter. Algert Global LLC boosted its position in shares of ACM Research by 530.5% during the third 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 period. Portolan Capital Management LLC grew its holdings in ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer's stock worth $18,705,000 after buying an additional 65,616 shares in the last quarter. Richard P Slaughter Associates Inc increased its position in ACM Research by 94.9% in the 3rd 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 period. Finally, Barclays PLC raised its stake in ACM Research by 63.3% during the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer's stock valued at $2,793,000 after acquiring an additional 53,319 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.
ACM Research Price Performance
NASDAQ:ACMR traded up $0.18 during trading hours on Friday, reaching $18.60. 736,351 shares of the company's stock were exchanged, compared to its average volume of 983,467. The company has a market capitalization of $1.07 billion, a P/E ratio of 14.09 and a beta of 1.48. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $34.40. The business's 50-day simple moving average is $16.46 and its two-hundred day simple moving average is $18.19. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.
ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly earnings data 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. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The business had revenue of $204.00 million during the quarter, compared to analyst estimates of $191.18 million. During the same period last year, the company posted $0.41 EPS. The company's revenue was up 21.0% compared to the same quarter last year. Sell-side analysts expect that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages recently weighed in on ACMR. Craig Hallum cut shares of ACM Research from a "buy" rating to a "hold" rating and cut their price objective for the company from $30.00 to $18.00 in a research note on Thursday, December 5th. Needham & Company LLC lowered shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.00.
Read Our Latest Analysis on ACM Research
Insiders Place Their Bets
In related news, Director Haiping Dun sold 15,000 shares of the 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 sale, the director now directly owns 774,148 shares of the company's stock, valued at approximately $14,801,709.76. This represents a 1.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.08, for a total value of $1,073,250.00. Following the transaction, the insider now directly owns 710,506 shares in the company, valued at approximately $13,556,454.48. This trade represents a 7.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,500 shares of company stock worth $2,366,363. Company insiders own 31.24% of the company's stock.
ACM Research Profile
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Free Report)
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.
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