ACM Research, Inc. $ACMR Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 25.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,061,236 shares of the specialty retailer’s stock after selling 360,452 shares during the quarter. Federated Hermes Inc.’s holdings in ACM Research were worth $41,526,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in ACM Research by 39.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock valued at $59,631,000 after buying an additional 649,116 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of ACM Research by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,238,031 shares of the specialty retailer’s stock valued at $32,069,000 after acquiring an additional 21,366 shares during the period. Broad Bay Capital Management LP lifted its holdings in shares of ACM Research by 8.1% during the 2nd quarter. Broad Bay Capital Management LP now owns 978,653 shares of the specialty retailer’s stock valued at $25,347,000 after acquiring an additional 73,159 shares in the last quarter. LSV Asset Management acquired a new position in shares of ACM Research during the 2nd quarter valued at $11,523,000. Finally, AQR Capital Management LLC boosted its position in ACM Research by 69.5% during the 2nd quarter. AQR Capital Management LLC now owns 413,371 shares of the specialty retailer’s stock worth $10,706,000 after purchasing an additional 169,552 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ACMR shares. Weiss Ratings raised ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research upgraded ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Roth Mkm reiterated a “buy” rating and set a $40.00 target price on shares of ACM Research in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Insider Activity

In related news, insider Lisa Feng sold 15,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $33.77, for a total value of $506,550.00. Following the sale, the insider directly owned 50,001 shares of the company’s stock, valued at $1,688,533.77. This represents a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David H. Wang sold 70,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.06, for a total transaction of $2,314,200.00. Following the transaction, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $26,537,526.48. This represents a 8.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 265,000 shares of company stock worth $8,849,150. 25.00% of the stock is currently owned by insiders.

ACM Research Stock Performance

NASDAQ:ACMR opened at $54.68 on Friday. The firm has a 50-day moving average of $42.59 and a two-hundred day moving average of $36.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The stock has a market cap of $3.27 billion, a P/E ratio of 31.79 and a beta of 1.46. ACM Research, Inc. has a 1-year low of $16.82 and a 1-year high of $57.05.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). ACM Research had a net margin of 13.30% and a return on equity of 7.11%. The business had revenue of $269.16 million during the quarter, compared to analysts’ expectations of $251.72 million. During the same period in the prior year, the company posted $0.63 EPS. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, research analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

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.