Beacon Financial Advisory LLC Raises Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Beacon Financial Advisory LLC boosted its stake in ACM Research, Inc. (NASDAQ:ACMR) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,495 shares of the specialty retailer’s stock after purchasing an additional 960 shares during the quarter. Beacon Financial Advisory LLC’s holdings in ACM Research were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Erste Asset Management GmbH bought a new position in shares of ACM Research in the 3rd quarter worth $37,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ACM Research during the 4th quarter worth $33,000. Truvestments Capital LLC purchased a new position in ACM Research in the third quarter worth $72,000. CWM LLC increased its stake in ACM Research by 128.4% in the third quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock valued at $89,000 after acquiring an additional 2,478 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in ACM Research during the third quarter worth about $203,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ACMR. Needham & Company LLC lowered ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research report on Wednesday, December 4th. Craig Hallum cut shares of ACM Research from a “buy” rating to a “hold” rating and reduced their price target for the company 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Transactions at ACM Research

In other ACM Research news, Director Haiping Dun sold 15,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $19.12, for a total value of $286,800.00. Following the completion of the sale, the director now owns 774,148 shares in the company, valued at approximately $14,801,709.76. This trade represents a 1.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David H. Wang sold 56,250 shares of the business’s stock in a transaction that occurred 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 directly owns 654,256 shares in the company, valued at $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. Over the last 90 days, insiders have sold 127,500 shares of company stock worth $2,366,363. Insiders own 31.24% of the company’s stock.

ACM Research Stock Up 10.4 %

ACMR opened at $23.01 on Friday. The company has a market cap of $1.33 billion, a P/E ratio of 17.43 and a beta of 1.58. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $34.40. The business’s 50-day moving average price is $16.61 and its 200-day moving average price is $17.95. 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 (NASDAQ:ACMR) last announced its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. The business 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 business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. On average, equities analysts expect that ACM Research, Inc. will post 1.17 EPS for the current 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.