Allspring Global Investments Holdings LLC Grows Position in ACM Research, Inc. (NASDAQ:ACMR)

Allspring Global Investments Holdings LLC lifted its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 65.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 473,178 shares of the specialty retailer's stock after acquiring an additional 186,754 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.85% of ACM Research worth $9,246,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ACMR. Vanguard Group Inc. grew its stake in ACM Research by 10.9% during the third quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer's stock worth $73,920,000 after buying an additional 399,854 shares in the last quarter. Ariose Capital Management Ltd grew its stake in ACM Research by 163.8% during the fourth quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer's stock worth $38,702,000 after buying an additional 1,229,839 shares in the last quarter. HighTower Advisors LLC acquired a new stake in ACM Research during the third quarter worth about $1,091,000. DekaBank Deutsche Girozentrale acquired a new stake in ACM Research during the third quarter worth about $68,000. Finally, Dark Forest Capital Management LP grew its stake in ACM Research by 611.0% during the third quarter. Dark Forest Capital Management LP now owns 102,489 shares of the specialty retailer's stock worth $1,856,000 after buying an additional 88,074 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ACM Research Trading Down 3.2 %

NASDAQ ACMR traded down $0.93 during trading hours on Wednesday, reaching $27.91. The company's stock had a trading volume of 847,485 shares, compared to its average volume of 1,680,130. The firm has a fifty day simple moving average of $26.39 and a 200-day simple moving average of $20.94. The stock has a market cap of $1.56 billion, a P/E ratio of 24.65 and a beta of 1.39. ACM Research, Inc. has a 52 week low of $8.75 and a 52 week high of $34.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.35 and a quick ratio of 1.26.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $170.30 million during the quarter, compared to analyst estimates of $149.54 million. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The firm's quarterly revenue was up 57.0% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. Equities analysts forecast that ACM Research, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Activity at ACM Research

In other ACM Research news, Director Tracy Liu sold 12,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the sale, the director now owns 110,772 shares of the company's stock, valued at approximately $2,791,454.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ACM Research news, Director Tracy Liu sold 12,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the sale, the director now owns 110,772 shares of the company's stock, valued at approximately $2,791,454.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Haiping Dun sold 19,434 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $27.70, for a total transaction of $538,321.80. Following the sale, the director now directly owns 855,090 shares of the company's stock, valued at approximately $23,685,993. The disclosure for this sale can be found here. Insiders sold a total of 149,434 shares of company stock worth $4,375,572 in the last quarter. 33.63% of the stock is 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.