Belpointe Asset Management LLC Takes $989,000 Position in ACM Research, Inc. $ACMR

Belpointe Asset Management LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,272 shares of the specialty retailer’s stock, valued at approximately $989,000.

Several other large investors have also made changes to their positions in ACMR. James Investment Research Inc. lifted its stake in shares of ACM Research by 27.4% in the 3rd quarter. James Investment Research Inc. now owns 20,511 shares of the specialty retailer’s stock valued at $803,000 after acquiring an additional 4,412 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of ACM Research in the 3rd quarter valued at about $231,000. Teacher Retirement System of Texas increased its stake in ACM Research by 1.6% in the third quarter. Teacher Retirement System of Texas now owns 48,619 shares of the specialty retailer’s stock valued at $1,902,000 after purchasing an additional 779 shares in the last quarter. Violich Capital Management Inc. bought a new stake in shares of ACM Research during the third quarter valued at approximately $231,000. Finally, NorthCrest Asset Manangement LLC increased its position in shares of ACM Research by 27.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 33,570 shares of the specialty retailer’s stock worth $1,358,000 after acquiring an additional 7,298 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Price Performance

ACMR stock opened at $54.68 on Friday. The firm has a 50 day simple moving average of $42.59 and a two-hundred day simple moving average of $36.27. The stock has a market cap of $3.27 billion, a PE ratio of 31.79 and a beta of 1.46. ACM Research, Inc. has a one year low of $16.82 and a one year high of $57.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a return on equity of 7.11% and a net margin of 13.30%.The company had revenue of $269.16 million for the quarter, compared to the consensus estimate of $251.72 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The business’s 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Roth Mkm restated a “buy” rating and issued a $40.00 price objective on shares of ACM Research in a research report on Wednesday, November 5th. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” 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 dated Thursday, November 13th. The stock was sold at an average price of $33.77, for a total transaction of $506,550.00. Following the transaction, the insider directly owned 50,001 shares of the company’s stock, valued at approximately $1,688,533.77. This trade represents a 23.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Fuping Chen sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total value of $661,200.00. The SEC filing for this sale provides additional information. Insiders sold a total of 265,000 shares of company stock valued at $8,849,150 over the last 90 days. 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.