Cypress Capital Group Buys Shares of 15,820 ACM Research, Inc. $ACMR

Cypress Capital Group bought a new position in ACM Research, Inc. (NASDAQ:ACMR) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,820 shares of the specialty retailer’s stock, valued at approximately $623,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ACM Research by 10.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after buying an additional 3,065 shares during the period. Caxton Associates LLP acquired a new stake in ACM Research during the 1st quarter worth $250,000. Strs Ohio acquired a new stake in ACM Research during the 1st quarter worth $133,000. Creative Planning bought a new position in ACM Research during the second quarter worth about $212,000. Finally, Norges Bank bought a new position in ACM Research during the second quarter worth about $739,000. 66.75% of the stock is owned by institutional investors.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $84.32 on Monday. The company has a fifty day moving average price of $92.00 and a 200 day moving average price of $66.74. The firm has a market cap of $5.16 billion, a PE ratio of 64.37 and a beta of 1.90. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. ACM Research, Inc. has a 1-year low of $23.03 and a 1-year high of $127.19.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 4.17% and a net margin of 9.48%.The company’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Research analysts predict that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ACMR. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seaport Research Partners started coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACM Research in a research report on Tuesday, July 21st. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Morgan Stanley reissued an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total value of $5,403,000.00. Following the sale, the insider owned 802,708 shares in the company, valued at approximately $72,283,855.40. The trade was a 6.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sotheara Cheav sold 13,351 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total value of $1,136,837.65. Following the transaction, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,515,170.30. This trade represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 123,752 shares of company stock worth $10,752,198. 24.36% of the stock is owned by corporate insiders.

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.