California State Teachers Retirement System Has $2.48 Million Stock Position in ACM Research, Inc. $ACMR

Key Points

• California State Teachers Retirement System increased its ACM Research stake by 32.4% in the first quarter, owning 63,131 shares worth approximately $2.48 million. Institutional investors collectively hold 66.75% of the company.
• ACM Research reported quarterly EPS of $0.61, beating estimates of $0.42, while revenue of $292.92 million exceeded expectations and rose 36% year over year.
• Analysts give ACM Research a consensus “Moderate Buy” rating with an average price target of $118.33, although insiders sold 123,752 shares worth about $10.75 million over the past 90 days.

California State Teachers Retirement System raised its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 32.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,131 shares of the specialty retailer's stock after buying an additional 15,460 shares during the quarter. California State Teachers Retirement System owned about 0.10% of ACM Research worth $2,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ACMR. Maryland State Retirement & Pension System raised its holdings in shares of ACM Research by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer's stock worth $306,000 after acquiring an additional 168 shares during the period. MML Investors Services LLC lifted its position in ACM Research by 1.0% in the 4th quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer's stock valued at $901,000 after acquiring an additional 217 shares in the last quarter. First Growth Capital LLC boosted its stake in ACM Research by 5.4% in the 1st quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer's stock worth $226,000 after purchasing an additional 285 shares during the period. Farther Finance Advisors LLC boosted its stake in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 308 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in ACM Research by 7.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer's stock worth $157,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Price Performance

NASDAQ:ACMR opened at $79.41 on Tuesday. ACM Research, Inc. has a 52-week low of $23.87 and a 52-week high of $127.19. The company has a market cap of $4.86 billion, a P/E ratio of 37.81 and a beta of 1.96. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. The stock's 50-day simple moving average is $92.03 and its 200 day simple moving average is $68.82.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The firm had revenue of $292.92 million during the quarter, compared to analysts' expectations of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The business's quarterly revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, sell-side analysts forecast that ACM Research, Inc. will post 1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

ACMR has been the topic of a number of research reports. Weiss Ratings restated a "hold (c+)" rating on shares of ACM Research in a report on Tuesday, July 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Zacks Research downgraded ACM Research from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Wall Street Zen raised ACM Research from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Craig Hallum restated a "buy" rating and issued a $100.00 target price on shares of ACM Research in a research note on Monday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $118.33.

Insider Activity

In other ACM Research news, insider Sotheara Cheav sold 5,399 shares of the company's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $83.18, for a total transaction of $449,088.82. Following the sale, the insider directly owned 100,002 shares of the company's stock, valued at approximately $8,318,166.36. This represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David H. Wang sold 40,002 shares of the company's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the sale, the insider directly owned 802,708 shares in the company, valued at $68,872,346.40. This trade represents a 4.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 123,752 shares of company stock valued at $10,752,198. 24.36% of the stock is owned by insiders.

ACM Research Company 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.

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