SG Americas Securities LLC Sells 208,130 Shares of ACM Research, Inc. $ACMR

SG Americas Securities LLC lessened its stake in ACM Research, Inc. (NASDAQ:ACMR) by 90.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,351 shares of the specialty retailer’s stock after selling 208,130 shares during the quarter. SG Americas Securities LLC’s holdings in ACM Research were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ACM Research by 10.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 3,065 shares during the last quarter. Caxton Associates LLP bought a new position in ACM Research in the 1st quarter worth approximately $250,000. Strs Ohio acquired a new position in ACM Research during the 1st quarter worth $133,000. Creative Planning acquired a new position in ACM Research during the 2nd quarter worth $212,000. Finally, Norges Bank bought a new position in ACM Research in the 2nd quarter valued at $739,000. 66.75% of the stock is owned by institutional investors.

ACM Research Price Performance

Shares of ACM Research stock opened at $97.77 on Monday. The business has a fifty day simple moving average of $81.33 and a 200 day simple moving average of $61.17. The stock has a market cap of $5.99 billion, a PE ratio of 74.63 and a beta of 1.90. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. ACM Research, Inc. has a 12 month low of $23.03 and a 12 month high of $127.19.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Seaport Research Partners initiated coverage on ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Wall Street Zen upgraded 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. Finally, Roth Mkm set a $125.00 target price on shares of ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $127.50.

Insider Activity

In related news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles C. Pappis sold 5,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $260,000. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 128,752 shares of company stock valued at $11,012,198. Insiders own 24.36% of the company’s stock.

About ACM Research

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.