ACM Research, Inc. (NASDAQ:ACMR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 405,858 shares of the specialty retailer’s stock after acquiring an additional 13,879 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ACM Research were worth $8,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of ACM Research by 297.1% in the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 1,444 shares during the period. Picton Mahoney Asset Management purchased a new position in ACM Research in the 2nd quarter valued at approximately $59,000. Ashton Thomas Private Wealth LLC purchased a new position in ACM Research during the second quarter worth $99,000. Palouse Capital Management Inc. purchased a new position in ACM Research during the second quarter worth $105,000. Finally, Federated Hermes Inc. increased its position in ACM Research by 453.7% during the second quarter. Federated Hermes Inc. now owns 6,002 shares of the specialty retailer’s stock worth $138,000 after buying an additional 4,918 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $15.78 on Wednesday. The company has a market cap of $909.02 million, a PE ratio of 11.95 and a beta of 1.49. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $34.40. The stock has a 50 day simple moving average of $18.82 and a 200-day simple moving average of $19.72.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.35. The company had revenue of $204.00 million for the quarter, compared to analysts’ expectations of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. On average, equities research analysts forecast that ACM Research, Inc. will post 1.12 EPS for the current year.

Insider Buying and Selling at ACM Research

In related news, major shareholder Science & Technology Shanghai sold 26,300 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total value of $526,263.00. Following the completion of the sale, the insider now directly owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $167,657.76. Following the sale, the director now owns 3,430,206 shares of the company’s stock, valued at $69,255,859.14. This trade represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,244,016 shares of company stock valued at $26,939,953 in the last three months. 31.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ACMR has been the topic of several analyst reports. Craig Hallum cut 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 report on Thursday, December 5th. Needham & Company LLC lowered ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.