IFG Advisory LLC Buys Shares of 6,250 ACM Research, Inc. $ACMR

IFG Advisory LLC bought a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,250 shares of the specialty retailer’s stock, valued at approximately $247,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in ACM Research by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock valued at $52,986,000 after buying an additional 19,397 shares during the last quarter. Penn Capital Management Company LLC bought a new stake in ACM Research in the fourth quarter valued at $17,212,000. Hantz Financial Services Inc. lifted its stake in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 480 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in ACM Research in the fourth quarter valued at $1,054,000. Finally, Global Retirement Partners LLC lifted its stake in ACM Research by 76,500.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,298 shares of the specialty retailer’s stock valued at $91,000 after buying an additional 2,295 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $86.56 on Monday. ACM Research, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $94.21. The firm’s 50-day simple moving average is $55.38 and its 200 day simple moving average is $50.01. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.30 billion, a P/E ratio of 66.08 and a beta of 2.00.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 34.2% on a year-over-year basis. Equities analysts expect that ACM Research, Inc. will post 1.02 EPS for the current year.

Insiders Place Their Bets

In other ACM Research news, Director Tracy Liu sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $47.91, for a total value of $718,650.00. Following the sale, the director directly owned 110,772 shares in the company, valued at approximately $5,307,086.52. The trade was a 11.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles C. Pappis sold 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at approximately $260,000. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 70,000 shares of company stock worth $3,441,850. 24.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Seaport Research Partners initiated coverage on shares of ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.00.

ACM Research Company 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.