Erste Asset Management GmbH Invests $37,000 in ACM Research, Inc. (NASDAQ:ACMR)

Erste Asset Management GmbH purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,845 shares of the specialty retailer’s stock, valued at approximately $37,000.

A number of other institutional investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ACM Research by 255.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,123 shares of the specialty retailer’s stock worth $733,000 after buying an additional 25,963 shares in the last quarter. Cynosure Group LLC boosted its stake in ACM Research by 30.7% during the third quarter. Cynosure Group LLC now owns 20,996 shares of the specialty retailer’s stock worth $426,000 after buying an additional 4,930 shares in the last quarter. FMR LLC boosted its stake in ACM Research by 507.4% during the third quarter. FMR LLC now owns 15,185 shares of the specialty retailer’s stock worth $308,000 after buying an additional 12,685 shares in the last quarter. Truvestments Capital LLC acquired a new stake in ACM Research during the third quarter worth $72,000. Finally, Algert Global LLC boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ACMR shares. Needham & Company LLC downgraded shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Wednesday. Benchmark reissued a “buy” rating and set a $38.00 price objective on shares of ACM Research in a report on Wednesday, August 7th. Finally, Roth Mkm cut their price objective on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

Insider Buying and Selling

In related news, Director Xiao Xing sold 8,304 shares of ACM Research stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total value of $167,657.76. Following the completion of the sale, the director now directly owns 3,430,206 shares in the company, valued at $69,255,859.14. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Science & Technology Shanghai sold 275,000 shares of ACM Research stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $24.07, for a total value of $6,619,250.00. Following the completion of the sale, the insider now owns 2,428,906 shares of the company’s stock, valued at approximately $58,463,767.42. The trade was a 10.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,244,016 shares of company stock worth $26,939,953 over the last three months. 31.24% of the stock is currently owned by company insiders.

ACM Research Stock Up 2.3 %

Shares of NASDAQ ACMR opened at $16.57 on Thursday. The business has a fifty day moving average of $19.16 and a two-hundred day moving average of $19.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. ACM Research, Inc. has a 52-week low of $13.94 and a 52-week high of $34.40. The stock has a market cap of $954.60 million, a PE ratio of 12.55 and a beta of 1.48.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (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 business had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $191.18 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. As a group, equities research analysts expect that ACM Research, Inc. will post 1.12 earnings per share for the current fiscal year.

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.