Fund Advisors of America Inc FL Invests $339,000 in ACM Research, Inc. $ACMR

Fund Advisors of America Inc FL purchased a new position in ACM Research, Inc. (NASDAQ:ACMR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,604 shares of the specialty retailer’s stock, valued at approximately $339,000.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in ACM Research by 444.5% during the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after buying an additional 1,095,634 shares in the last quarter. Cederberg Capital Ltd grew its stake in ACM Research by 39.8% in the 4th quarter. Cederberg Capital Ltd now owns 693,900 shares of the specialty retailer’s stock worth $27,374,000 after acquiring an additional 197,400 shares in the last quarter. Vident Advisory LLC purchased a new position in shares of ACM Research during the fourth quarter worth approximately $383,000. State of Tennessee Department of Treasury purchased a new position in shares of ACM Research during the fourth quarter worth approximately $622,000. Finally, Mackenzie Financial Corp raised its stake in shares of ACM Research by 4.3% during the fourth quarter. Mackenzie Financial Corp now owns 56,681 shares of the specialty retailer’s stock valued at $2,274,000 after acquiring an additional 2,344 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ACMR shares. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Seaport Research Partners began coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target on the stock. Finally, Roth Mkm set a $125.00 price target on ACM Research and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, ACM Research presently has an average rating of “Hold” and an average price target of $125.00.

ACM Research Price Performance

Shares of ACMR opened at $109.87 on Friday. The company has a 50 day moving average price of $69.84 and a 200-day moving average price of $56.03. ACM Research, Inc. has a fifty-two week low of $23.03 and a fifty-two week high of $110.18. The stock has a market capitalization of $6.73 billion, a PE ratio of 83.87 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51.

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

Insider Buying and Selling

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the sale, the director owned 5,000 shares of the company’s stock, valued at approximately $331,100. This trade represents a 50.00% decrease in their position. 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 on Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $260,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,752 shares of company stock worth $11,012,198 in the last three months. Corporate insiders own 24.36% of the company’s stock.

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.