Raiffeisen Bank International AG Sells 20,000 Shares of ACM Research, Inc. $ACMR

Key Points

• Raiffeisen Bank International AG reduced its ACM Research stake by 5.3%, selling 20,000 shares and retaining 360,000 shares worth approximately $42.8 million. Institutional investors collectively own 66.75% of the company.
• Analysts remain bullish, with ACM Research receiving a consensus “Buy” rating and an average price target of $122.75; recent targets range from $100 to $136.
• ACM Research exceeded quarterly expectations, reporting $0.61 in earnings per share versus a $0.42 estimate and $292.92 million in revenue, up 36% year over year.

Raiffeisen Bank International AG trimmed its stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 360,000 shares of the specialty retailer's stock after selling 20,000 shares during the period. Raiffeisen Bank International AG owned approximately 0.56% of ACM Research worth $42,797,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Jefferies Financial Group Inc. bought a new position in ACM Research in the 4th quarter valued at $1,054,000. Vanguard Group Inc. increased its stake in shares of ACM Research by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer's stock valued at $196,149,000 after buying an additional 125,690 shares during the period. Thompson Siegel & Walmsley LLC raised its position in shares of ACM Research by 71.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 188,500 shares of the specialty retailer's stock worth $7,436,000 after acquiring an additional 78,800 shares during the last quarter. Penn Capital Management Company LLC bought a new stake in shares of ACM Research during the fourth quarter worth $17,212,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of ACM Research during the fourth quarter worth $1,222,000. 66.75% of the stock is owned by institutional investors.

Insider Transactions at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $405,650. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 24.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley reiterated an "overweight" rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Daiwa Securities Group began coverage on ACM Research in a report on Wednesday, August 26th. They set a "buy" rating and a $136.00 price objective for the company. Craig Hallum restated a "buy" rating and set a $100.00 target price on shares of ACM Research in a research report on Monday, August 10th. Roth Capital set a $125.00 target price on shares of ACM Research and gave the company a "buy" rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of ACM Research from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $122.75.

ACM Research Stock Performance

ACMR stock opened at $69.42 on Friday. ACM Research, Inc. has a twelve month low of $26.10 and a twelve month high of $127.19. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.49 billion, a P/E ratio of 33.06 and a beta of 1.96. The business's fifty day moving average is $86.31 and its 200-day moving average is $71.30.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.19. The business 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 firm's quarterly revenue was up 36.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. Equities research analysts forecast that ACM Research, Inc. will post 1.68 EPS for the current year.

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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