Matthews International Capital Management LLC Sells 17,784 Shares of ACM Research, Inc. $ACMR

Matthews International Capital Management LLC lowered its position in ACM Research, Inc. (NASDAQ:ACMR) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,511 shares of the specialty retailer’s stock after selling 17,784 shares during the quarter. ACM Research comprises about 1.9% of Matthews International Capital Management LLC’s portfolio, making the stock its 19th largest position. Matthews International Capital Management LLC owned 0.34% of ACM Research worth $7,963,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp raised its position in ACM Research by 39.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock worth $59,631,000 after purchasing an additional 649,116 shares during the period. Federated Hermes Inc. raised its holdings in shares of ACM Research by 32.5% in the second quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock worth $36,822,000 after buying an additional 348,936 shares during the period. Geode Capital Management LLC lifted its stake in shares of ACM Research by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,238,031 shares of the specialty retailer’s stock worth $32,069,000 after acquiring an additional 21,366 shares during the last quarter. Broad Bay Capital Management LP lifted its stake in shares of ACM Research by 8.1% during the 2nd quarter. Broad Bay Capital Management LP now owns 978,653 shares of the specialty retailer’s stock worth $25,347,000 after acquiring an additional 73,159 shares during the last quarter. Finally, LSV Asset Management bought a new position in ACM Research in the 2nd quarter valued at $11,523,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ACMR shares. Zacks Research downgraded ACM Research from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Roth Capital reaffirmed a “buy” rating and issued a $40.00 price target on shares of ACM Research in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ACM Research in a report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

ACM Research Price Performance

Shares of ACMR stock opened at $40.62 on Friday. ACM Research, Inc. has a twelve month low of $14.65 and a twelve month high of $45.12. 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 $36.27 and a two-hundred day simple moving average of $32.52. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 23.62 and a beta of 1.45.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.11). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The firm had revenue of $269.16 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter in the prior year, the business posted $0.63 EPS. The business’s quarterly revenue was up 32.0% on a year-over-year basis. On average, analysts predict that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Transactions at ACM Research

In other news, insider Lisa Feng sold 15,000 shares of the company’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 value of $506,550.00. Following the completion of the sale, the insider owned 50,001 shares of the company’s stock, valued at approximately $1,688,533.77. This represents a 23.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $34.12, for a total transaction of $2,047,200.00. Following the transaction, the insider directly owned 802,708 shares in the company, valued at approximately $27,388,396.96. The trade was a 6.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 265,000 shares of company stock valued at $8,849,150. Company insiders own 25.00% of the company’s stock.

ACM Research Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.