Louisiana State Employees Retirement System Purchases New Stake in ACM Research, Inc. $ACMR

Louisiana State Employees Retirement System acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,600 shares of the specialty retailer’s stock, valued at approximately $929,000.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of ACM Research by 10.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after acquiring an additional 3,065 shares during the period. Caxton Associates LLP purchased a new stake in shares of ACM Research in the 1st quarter valued at approximately $250,000. Strs Ohio acquired a new stake in shares of ACM Research during the 1st quarter worth approximately $133,000. Creative Planning purchased a new stake in shares of ACM Research during the 2nd quarter valued at approximately $212,000. Finally, Norges Bank purchased a new stake in shares of ACM Research during the 2nd quarter valued at approximately $739,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACMR has been the topic of several recent analyst reports. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Mkm set a $125.00 price objective on ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley restated an “overweight” rating and issued a $130.00 price objective (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Seaport Research Partners began coverage on shares of ACM Research in a research note on Monday, May 4th. They set a “buy” rating and a $75.00 target price for the company. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.50.

ACM Research Price Performance

NASDAQ:ACMR opened at $97.77 on Monday. ACM Research, Inc. has a 52 week low of $23.03 and a 52 week high of $127.19. The stock’s fifty day moving average is $81.33 and its two-hundred day moving average is $61.17. The stock has a market capitalization of $5.99 billion, a price-to-earnings 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 (NASDAQ:ACMR) last issued its quarterly earnings data 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. The business had revenue of $231.26 million during the quarter, compared to analysts’ expectations 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 was up 34.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. Research analysts anticipate that ACM Research, Inc. will post 1.02 EPS for the current year.

Insider Transactions at ACM Research

In other news, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $260,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sotheara Cheav sold 13,351 shares of ACM Research stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the completion of the transaction, the insider owned 100,002 shares of the company’s stock, valued at $8,515,170.30. This trade represents a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 128,752 shares of company stock valued at $11,012,198. 24.36% of the stock is owned by insiders.

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.