ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 76,454 shares of the specialty retailer’s stock after selling 810 shares during the quarter. Rhumbline Advisers’ holdings in ACM Research were worth $1,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACMR. Hussman Strategic Advisors Inc. increased its position in shares of ACM Research by 0.3% in the first quarter. Hussman Strategic Advisors Inc. now owns 157,500 shares of the specialty retailer’s stock worth $4,590,000 after acquiring an additional 500 shares in the last quarter. Swiss National Bank increased its position in shares of ACM Research by 1.2% in the first quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock worth $2,558,000 after acquiring an additional 1,000 shares in the last quarter. Trexquant Investment LP increased its position in shares of ACM Research by 8.1% in the fourth quarter. Trexquant Investment LP now owns 18,543 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 1,383 shares in the last quarter. CWM LLC increased its position in shares of ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 1,444 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of ACM Research by 16.7% in the first quarter. ProShare Advisors LLC now owns 12,908 shares of the specialty retailer’s stock worth $376,000 after acquiring an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Price Performance

Shares of ACMR stock opened at $17.04 on Friday. The company has a market capitalization of $971.06 million, a PE ratio of 12.91 and a beta of 1.52. The firm has a fifty day simple moving average of $18.41 and a 200-day simple moving average of $23.28. The company has a current ratio of 2.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07. ACM Research, Inc. has a twelve month low of $12.53 and a twelve month high of $34.40.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The firm had revenue of $202.50 million for the quarter, compared to the consensus estimate of $163.05 million. During the same period in the prior year, the firm posted $0.45 EPS. The firm’s revenue was up 40.0% compared to the same quarter last year. Equities research analysts anticipate that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACMR has been the subject of several analyst reports. Roth Mkm decreased their target price on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of ACM Research in a research note 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.