ACM Research, Inc. (NASDAQ:ACMR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,082,835 shares of the specialty retailer's stock after purchasing an additional 399,854 shares during the period. Vanguard Group Inc. owned approximately 7.35% of ACM Research worth $73,920,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Advisor Group Holdings Inc. grew its position in ACM Research by 166.4% in the first quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 937 shares in the last quarter. JPMorgan Chase & Co. grew its position in ACM Research by 231.7% in the first quarter. JPMorgan Chase & Co. now owns 10,599 shares of the specialty retailer's stock worth $220,000 after acquiring an additional 7,404 shares in the last quarter. Bank of New York Mellon Corp grew its position in ACM Research by 212.6% in the first quarter. Bank of New York Mellon Corp now owns 33,000 shares of the specialty retailer's stock worth $683,000 after acquiring an additional 22,445 shares in the last quarter. Citigroup Inc. grew its position in ACM Research by 69.9% in the first quarter. Citigroup Inc. now owns 7,203 shares of the specialty retailer's stock worth $149,000 after acquiring an additional 2,963 shares in the last quarter. Finally, BlackRock Inc. grew its position in ACM Research by 194.7% in the first quarter. BlackRock Inc. now owns 693,370 shares of the specialty retailer's stock worth $14,346,000 after acquiring an additional 458,096 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group upgraded ACM Research from a "neutral" rating to a "buy" rating and set a $39.00 target price for the company in a research report on Thursday, February 29th. Benchmark boosted their target price on ACM Research from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Needham & Company LLC boosted their target price on ACM Research from $24.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Finally, Roth Mkm boosted their target price on ACM Research from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, ACM Research has an average rating of "Buy" and an average target price of $31.88.

ACM Research Trading Up 4.7 %

Shares of NASDAQ ACMR traded up $1.43 during trading hours on Friday, reaching $32.04. The stock had a trading volume of 1,731,225 shares, compared to its average volume of 1,387,251. The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 27.38 and a beta of 1.39. The business's fifty day moving average price is $24.92 and its two-hundred day moving average price is $20.40. ACM Research, Inc. has a 52-week low of $8.75 and a 52-week high of $34.40.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.27. The firm had revenue of $170.30 million during the quarter, compared to analyst estimates of $149.54 million. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. ACM Research's quarterly revenue was up 57.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. Analysts expect that ACM Research, Inc. will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Tracy Liu sold 12,500 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $315,000.00. Following the completion of the transaction, the director now owns 110,772 shares of the company's stock, valued at $2,791,454.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Tracy Liu sold 12,500 shares of the company's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $315,000.00. Following the transaction, the director now directly owns 110,772 shares of the company's stock, valued at $2,791,454.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Haiping Dun sold 15,000 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.36, for a total value of $455,400.00. Following the transaction, the director now directly owns 874,524 shares in the company, valued at $26,550,548.64. The disclosure for this sale can be found here. Insiders sold 159,434 shares of company stock valued at $4,595,572 over the last 90 days. Corporate insiders own 33.63% of the company's stock.

ACM Research Company Profile

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.