ACM Research, Inc. (NASDAQ:ACMR) Shares Bought by FCG Investment Co

FCG Investment Co lifted its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 11.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,782 shares of the specialty retailer’s stock after buying an additional 2,066 shares during the quarter. FCG Investment Co’s holdings in ACM Research were worth $299,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC raised its stake in ACM Research by 283.9% during the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after acquiring an additional 683,361 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of ACM Research in the fourth quarter valued at approximately $5,782,000. Algert Global LLC raised its stake in shares of 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 purchasing an additional 149,670 shares during the last quarter. Portolan Capital Management LLC lifted its holdings in shares of ACM Research by 7.7% during the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after purchasing an additional 65,616 shares during the period. Finally, Richard P Slaughter Associates Inc grew its position in ACM Research by 94.9% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock valued at $2,595,000 after buying an additional 62,247 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analyst Ratings Changes

ACMR has been the subject of a number of analyst reports. Needham & Company LLC downgraded shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Wednesday, December 4th. Craig Hallum cut shares of ACM Research from a “buy” rating to a “hold” rating and cut their price target for the stock from $30.00 to $18.00 in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, ACM Research has an average rating of “Moderate Buy” and an average price target of $30.00.

Insider Transactions at ACM Research

In other news, insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $19.08, for a total value of $1,073,250.00. Following the completion of the transaction, the insider now owns 710,506 shares in the company, valued at $13,556,454.48. This trade represents a 7.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Haiping Dun sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $19.12, for a total transaction of $286,800.00. Following the transaction, the director now owns 774,148 shares of the company’s stock, valued at $14,801,709.76. This trade represents a 1.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,500 shares of company stock valued at $2,366,363 in the last quarter. 31.24% of the stock is currently owned by corporate insiders.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $18.42 on Friday. 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 one year low of $13.87 and a one year high of $34.40. The firm has a market capitalization of $1.06 billion, a P/E ratio of 13.95 and a beta of 1.48. The company’s fifty day moving average is $16.46 and its two-hundred day moving average is $18.23.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The firm had revenue of $204.00 million for the quarter, compared to the consensus estimate of $191.18 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue was up 21.0% on a year-over-year basis. Analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

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.