ACM Research, Inc. (NASDAQ:ACMR) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 1,180,741 shares of the specialty retailer’s stock after acquiring an additional 26,620 shares during the quarter. Geode Capital Management LLC’s holdings in ACM Research were worth $23,973,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ACMR. Erste Asset Management GmbH bought a new stake in shares of ACM Research during the 3rd quarter valued at about $37,000. Picton Mahoney Asset Management bought a new position in shares of ACM Research during the second quarter valued at approximately $59,000. Truvestments Capital LLC acquired a new stake in shares of ACM Research during the 3rd quarter worth approximately $72,000. CWM LLC lifted its holdings in shares of ACM Research by 128.4% in the 3rd quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock worth $89,000 after purchasing an additional 2,478 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of ACM Research in the 2nd quarter worth approximately $99,000. 66.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ACM Research

In other ACM Research news, major shareholder Science & Technology Shanghai sold 275,000 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $24.07, for a total transaction of $6,619,250.00. Following the completion of the transaction, the insider now directly owns 2,428,906 shares of the company’s stock, valued at approximately $58,463,767.42. This trade represents a 10.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total value of $1,006,312.50. Following the transaction, the insider now owns 654,256 shares in the company, valued at approximately $11,704,639.84. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,244,016 shares of company stock valued at $26,939,953. Company insiders own 31.24% of the company’s stock.

ACM Research Stock Down 2.9 %

ACMR opened at $15.20 on Friday. The stock’s 50 day moving average price is $17.52 and its 200 day moving average price is $19.18. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The stock has a market cap of $875.61 million, a P/E ratio of 11.52 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.

ACM Research (NASDAQ:ACMR) last issued 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. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The company had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. During the same period last year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. As a group, research analysts predict that ACM Research, Inc. will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on ACMR shares. Needham & Company LLC downgraded ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research note on Wednesday, December 4th. Craig Hallum lowered shares of ACM Research from a “buy” rating to a “hold” rating and lowered their price target for the stock from $30.00 to $18.00 in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.