ACM Research, Inc. $ACMR Stock Holdings Decreased by CenterBook Partners LP

Key Points

• CenterBook Partners cut its ACM Research stake by 55.5% in the third quarter, selling 22,999 shares and retaining 18,439 shares valued at about $1.49 million.
• ACM Research beat quarterly estimates, reporting EPS of $0.55 versus $0.50 expected and revenue of $367.69 million versus $310.56 million expected; revenue rose 36.6% year over year.
• Analysts have a Moderate Buy consensus rating, with an average price target of $122.75; four analysts rate the stock Buy and two rate it Hold.

CenterBook Partners LP lessened its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 55.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,439 shares of the specialty retailer's stock after selling 22,999 shares during the period. CenterBook Partners LP's holdings in ACM Research were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACMR. Signaturefd LLC lifted its position in shares of ACM Research by 407.8% during the third quarter. Signaturefd LLC now owns 523 shares of the specialty retailer's stock valued at $42,000 after buying an additional 420 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of ACM Research by 195.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer's stock worth $94,000 after acquiring an additional 488 shares in the last quarter. NewEdge Advisors LLC lifted its position in ACM Research by 381.0% during the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer's stock valued at $43,000 after acquiring an additional 861 shares during the last quarter. Nykredit A S purchased a new stake in ACM Research during the second quarter valued at approximately $173,000. Finally, GAMMA Investing LLC grew its holdings in ACM Research by 14.5% in the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer's stock worth $183,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insider Transactions at ACM Research

In other ACM Research news, insider David Wang sold 70,000 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total transaction of $5,221,300.00. Following the sale, the insider owned 802,708 shares in the company, valued at approximately $59,873,989.72. The trade was a 8.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Haiping Dun sold 5,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $405,650. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 24.36% of the company's stock.

ACM Research Trading Up 11.5%

Shares of ACM Research stock opened at $49.75 on Tuesday. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. ACM Research, Inc. has a 12-month low of $28.46 and a 12-month high of $127.19. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 37.65 and a beta of 2.27. The firm's 50 day simple moving average is $64.42 and its two-hundred day simple moving average is $68.36.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $367.69 million during the quarter, compared to analysts' expectations of $310.56 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The business's quarterly revenue was up 36.6% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. Analysts predict that ACM Research, Inc. will post 1.68 EPS for the current year.

Analysts Set New Price Targets

ACMR has been the topic of several research analyst reports. Daiwa Securities Group initiated coverage on ACM Research in a research note on Wednesday, August 26th. They set a "buy" rating and a $136.00 target price on the stock. Zacks Research lowered ACM Research from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Craig Hallum reiterated a "buy" rating and issued a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Finally, Weiss Ratings downgraded ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 23rd. Four research 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 $122.75.

About ACM Research

ACM Research, Inc develops, manufactures and sells equipment used in semiconductor fabrication and advanced packaging. Its products support wafer processing, where precision cleaning and other treatment steps help prepare semiconductor wafers during production.

The company's portfolio includes single-wafer wet-cleaning equipment, electroplating systems, stress-free polishing tools and furnaces, as well as equipment for advanced packaging applications. Its cleaning technologies are designed to remove particles and contaminants from wafers.

Founded in 1998, ACM Research is headquartered in Fremont, California, and has a significant operating presence in China.

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