Wealth Enhancement Advisory Services LLC Acquires Shares of 16,948 ACM Research, Inc. $ACMR

Key Points

• Wealth Enhancement Advisory Services LLC acquired 16,948 shares of ACM Research, Inc., valued at approximately $471,000.
• Analysts have given ACM Research a consensus rating of "Moderate Buy" with an average target price of $32.25.
• Insider trading revealed significant sales, with Jian Wang selling 30,000 shares for $1.05 million, decreasing their ownership by 10.59%.

Wealth Enhancement Advisory Services LLC acquired a new position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,948 shares of the specialty retailer's stock, valued at approximately $471,000.

Other hedge funds also recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in ACM Research in the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its stake in ACM Research by 871.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock worth $109,000 after acquiring an additional 4,192 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in ACM Research in the first quarter worth about $114,000. Palouse Capital Management Inc. lifted its stake in ACM Research by 76.0% in the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after acquiring an additional 2,208 shares during the period. Finally, Blue Trust Inc. purchased a new stake in ACM Research in the first quarter worth about $123,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACMR has been the subject of a number of research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of ACM Research in a research note on Saturday, September 27th. Roth Capital reissued a "buy" rating and set a $50.00 price target (up from $40.00) on shares of ACM Research in a research report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.25.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $41.56 on Monday. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 25.19 and a beta of 1.42. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $45.12. The firm's 50 day simple moving average is $30.67 and its 200-day simple moving average is $26.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The business had revenue of $215.37 million for the quarter, compared to analysts' expectations of $223.42 million. During the same quarter last year, the company earned $0.55 EPS. The business's revenue was up 6.4% on a year-over-year basis. Analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling at ACM Research

In related news, insider Jian Wang sold 30,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $35.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the insider directly owned 253,158 shares in the company, valued at approximately $8,860,530. This trade represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sotheara Cheav sold 10,000 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $35.00, for a total transaction of $350,000.00. Following the completion of the transaction, the insider owned 100,002 shares in the company, valued at $3,500,070. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 271,152 shares of company stock worth $7,999,160 in the last 90 days. 25.00% of the stock is currently owned by insiders.

About ACM Research

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.

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