ACM Research, Inc. (NASDAQ:ACMR) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its position in ACM Research, Inc. (NASDAQ:ACMR) by 13.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,299 shares of the specialty retailer’s stock after buying an additional 13,426 shares during the period. American Century Companies Inc. owned approximately 0.19% of ACM Research worth $2,543,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ACMR. Steamboat Capital Partners LLC purchased a new position in ACM Research in the first quarter valued at about $20,398,000. UBS Group AG grew its position in shares of ACM Research by 6.6% during the fourth quarter. UBS Group AG now owns 560,250 shares of the specialty retailer’s stock worth $10,947,000 after buying an additional 34,928 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in shares of ACM Research by 16.5% in the fourth quarter. Point72 Hong Kong Ltd now owns 496,494 shares of the specialty retailer’s stock worth $9,701,000 after buying an additional 70,227 shares during the last quarter. Prelude Capital Management LLC acquired a new stake in ACM Research in the fourth quarter valued at $8,640,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in ACM Research by 9.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 408,135 shares of the specialty retailer’s stock valued at $9,412,000 after acquiring an additional 34,066 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Stock Performance

Shares of ACMR stock opened at $19.49 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 14.77 and a beta of 1.52. The business has a 50 day moving average of $17.99 and a two-hundred day moving average of $22.88. ACM Research, Inc. has a 52 week low of $12.53 and a 52 week high of $34.40. 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 (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.25. The firm had revenue of $202.50 million during the quarter, compared to the consensus estimate of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The firm’s revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. As a group, analysts anticipate that ACM Research, Inc. will post 0.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ACMR. Benchmark restated a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th. Roth Mkm reduced their target price on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of ACM Research in a report on Thursday, August 8th.

ACM Research 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.