California State Teachers Retirement System Sells 3,429 Shares of ACM Research, Inc. $ACMR

California State Teachers Retirement System lowered its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,702 shares of the specialty retailer's stock after selling 3,429 shares during the period. California State Teachers Retirement System owned about 0.09% of ACM Research worth $7,575,587 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. WCM Investment Management LLC increased its holdings in ACM Research by 16,878.8% during the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer's stock worth $70,583,000 after purchasing an additional 1,849,914 shares during the period. Bank of New York Mellon Corp purchased a new stake in ACM Research during the 2nd quarter valued at approximately $41,402,000. Dimensional Fund Advisors LP boosted its position in shares of ACM Research by 207.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 719,023 shares of the specialty retailer's stock worth $28,286,000 after buying an additional 485,282 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of ACM Research in the 2nd quarter worth $22,204,000. Finally, Penn Capital Management Company LLC bought a new position in ACM Research during the 4th quarter valued at $17,212,000. 66.75% of the stock is owned by institutional investors.

Insider Transactions at ACM Research

In other news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $74.59, for a total value of $5,221,300.00. Following the completion of the sale, the insider directly owned 802,708 shares in the company, valued at $59,873,989.72. The trade was a 8.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Haiping Dun sold 5,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the sale, the director owned 5,000 shares in the company, valued at $405,650. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 24.36% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley restated an "overweight" rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Weiss Ratings upgraded shares of ACM Research from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Daiwa Securities Group started coverage on ACM Research in a report on Wednesday, August 26th. They issued a "buy" rating and a $136.00 price objective for the company. Craig Hallum reiterated a "buy" rating and set a $100.00 target price on shares of ACM Research in a report on Monday, August 10th. Finally, Roth Capital set a $125.00 price objective on shares of ACM Research and gave the stock a "buy" rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $122.75.

ACM Research Trading Down 5.0%

Shares of ACMR traded down $3.36 during mid-day trading on Tuesday, reaching $63.50. The company had a trading volume of 636,582 shares, compared to its average volume of 1,384,631. The firm has a fifty day simple moving average of $81.30 and a 200-day simple moving average of $71.66. 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 fifty-two week low of $28.46 and a fifty-two week high of $127.19. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 30.25 and a beta of 1.96.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The firm had revenue of $292.92 million for the quarter, compared to analyst estimates of $269.28 million. During the same quarter last year, the firm earned $0.54 earnings per share. The company's revenue for the quarter was up 36.0% on a year-over-year basis. On average, sell-side analysts anticipate that ACM Research, Inc. will post 1.68 EPS for the current fiscal year.

ACM Research Company Profile

ACM Research, Inc develops, manufactures and sells equipment used in semiconductor manufacturing and advanced packaging. Its products are designed for wafer processing steps that help semiconductor manufacturers clean, prepare and deposit materials on silicon wafers and other substrates.

The company's product portfolio includes single-wafer cleaning systems, wet-processing equipment, electrochemical deposition systems, furnace systems and equipment for advanced packaging applications. Its cleaning technologies include the Space Alternated Phase Shift (SAPS) and Tahoe platforms, which are intended to remove contaminants and residues while supporting the production of increasingly complex semiconductor devices.

Founded in 1998, ACM Research is headquartered in Fremont, California, and serves semiconductor manufacturers and other customers through operations and facilities in the United States, China and other international markets.

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