Bessemer Group Inc. Sells 27,808 Shares of ACM Research, Inc. $ACMR

Bessemer Group Inc. lessened its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 33.2% in the 1st quarter, Holdings Channel reports. The firm owned 55,933 shares of the specialty retailer’s stock after selling 27,808 shares during the quarter. Bessemer Group Inc.’s holdings in ACM Research were worth $2,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ACMR. Vanguard Group Inc. raised its holdings in ACM Research by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock valued at $196,149,000 after buying an additional 125,690 shares in the last quarter. Morgan Stanley lifted its position in shares of ACM Research by 58.8% in the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after buying an additional 515,340 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of ACM Research by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock worth $52,986,000 after acquiring an additional 19,397 shares in the last quarter. Invesco Ltd. boosted its stake in shares of ACM Research by 444.5% during the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after acquiring an additional 1,095,634 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of ACM Research by 1,406.4% during the 4th quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock valued at $42,740,000 after acquiring an additional 1,011,088 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Price Performance

NASDAQ:ACMR opened at $89.51 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The company has a 50-day moving average of $91.09 and a 200-day moving average of $66.16. ACM Research, Inc. has a 52 week low of $23.03 and a 52 week high of $127.19. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 68.33 and a beta of 1.90.

ACM Research (NASDAQ:ACMR) last posted its earnings results 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 quarter in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. As a group, equities research analysts anticipate that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $331,100. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David H. Wang sold 40,002 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the transaction, the insider owned 802,708 shares of the company’s stock, valued at $68,872,346.40. This trade represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 123,752 shares of company stock valued at $10,752,198. 24.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on ACMR. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. 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 began coverage on shares of ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock. Finally, Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $127.50.

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.