Federated Hermes Inc. Acquires 348,936 Shares of ACM Research, Inc. $ACMR

Federated Hermes Inc. increased its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 32.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,421,688 shares of the specialty retailer’s stock after acquiring an additional 348,936 shares during the quarter. Federated Hermes Inc. owned about 2.40% of ACM Research worth $36,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ACMR. Inspire Investing LLC bought a new stake in shares of ACM Research during the 1st quarter valued at about $655,000. Aberdeen Group plc purchased a new stake in ACM Research in the first quarter worth about $235,000. Triata Capital Ltd boosted its position in ACM Research by 33.5% during the 1st quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer’s stock valued at $32,002,000 after acquiring an additional 344,158 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of ACM Research by 388.3% during the 1st quarter. Russell Investments Group Ltd. now owns 142,244 shares of the specialty retailer’s stock worth $3,320,000 after acquiring an additional 113,111 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of ACM Research in the 1st quarter worth approximately $3,902,000. Institutional investors own 66.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ACMR has been the topic of several research reports. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 1st. Zacks Research cut shares of ACM Research from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Finally, Roth Capital reiterated a “buy” rating and issued a $40.00 price target on shares of ACM Research in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Insiders Place Their Bets

In related news, insider Lisa Feng sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total transaction of $506,550.00. Following the completion of the sale, the insider owned 50,001 shares of the company’s stock, valued at $1,688,533.77. This trade represents a 23.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total value of $2,314,200.00. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at $26,537,526.48. This trade represents a 8.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 320,000 shares of company stock valued at $10,744,150. 25.00% of the stock is owned by company insiders.

ACM Research Stock Up 4.1%

Shares of NASDAQ:ACMR opened at $36.54 on Tuesday. The company has a current ratio of 3.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $36.61 and a two-hundred day simple moving average of $31.04. ACM Research, Inc. has a 12-month low of $14.65 and a 12-month high of $45.12. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 21.24 and a beta of 1.46.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.11). The company had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. ACM Research had a net margin of 13.30% and a return on equity of 7.11%. ACM Research’s revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. On average, research analysts anticipate that ACM Research, Inc. will post 1.17 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.