ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by FCG Investment Co

FCG Investment Co trimmed its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 59.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,716 shares of the specialty retailer’s stock after selling 26,448 shares during the period. FCG Investment Co’s holdings in ACM Research were worth $360,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ACMR. Harbour Capital Advisors LLC purchased a new stake in ACM Research in the 3rd quarter worth approximately $346,000. CWM LLC increased its stake in ACM Research by 128.4% in the third quarter. CWM LLC now owns 4,408 shares of the specialty retailer’s stock valued at $89,000 after acquiring an additional 2,478 shares during the period. Richard P Slaughter Associates Inc raised its holdings in shares of ACM Research by 94.9% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 127,810 shares of the specialty retailer’s stock worth $2,595,000 after buying an additional 62,247 shares in the last quarter. Cim LLC lifted its holdings in shares of ACM Research by 8.6% during the second quarter. Cim LLC now owns 16,788 shares of the specialty retailer’s stock valued at $387,000 after acquiring an additional 1,326 shares during the period. Finally, Connective Capital Management LLC bought a new position in ACM Research during the 2nd quarter valued at about $323,000. 66.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Roth Mkm reduced their price objective on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a report on Wednesday, August 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of ACM Research in a report on Tuesday, October 1st.

Insider Transactions at ACM Research

In other ACM Research news, major shareholder Science & Technology Shanghai sold 26,300 shares of ACM Research stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total transaction of $526,263.00. Following the completion of the transaction, the insider now directly owns 3,403,906 shares of the company’s stock, valued at $68,112,159.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Xiao Xing sold 90,396 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.13, for a total value of $1,910,067.48. Following the completion of the transaction, the director now owns 2,338,510 shares of the company’s stock, valued at $49,412,716.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total value of $526,263.00. Following the completion of the transaction, the insider now directly owns 3,403,906 shares of the company’s stock, valued at approximately $68,112,159.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,116,516 shares of company stock worth $24,573,590 in the last three months. Insiders own 31.24% of the company’s stock.

ACM Research Stock Performance

Shares of ACMR opened at $19.73 on Monday. ACM Research, Inc. has a twelve month low of $12.53 and a twelve month high of $34.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.29. The firm’s 50 day moving average price is $18.68 and its two-hundred day moving average price is $21.47. The firm has a market cap of $1.12 billion, a P/E ratio of 14.79 and a beta of 1.52.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. The business had revenue of $202.50 million for the quarter, compared to analyst estimates of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. ACM Research’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. On average, analysts forecast that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

ACM Research Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.