Russell Investments Group Ltd. Has $5.63 Million Position in ACM Research, Inc. (NASDAQ:ACMR)

Russell Investments Group Ltd. boosted its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 40.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 288,042 shares of the specialty retailer's stock after purchasing an additional 83,485 shares during the period. Russell Investments Group Ltd. owned about 0.52% of ACM Research worth $5,628,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Spire Wealth Management purchased a new position in shares of ACM Research in the third quarter valued at about $27,000. Federated Hermes Inc. bought a new position in ACM Research in the 3rd quarter worth approximately $46,000. Headlands Technologies LLC purchased a new stake in ACM Research during the 4th quarter valued at approximately $66,000. DekaBank Deutsche Girozentrale bought a new stake in shares of ACM Research during the third quarter valued at approximately $68,000. Finally, Versor Investments LP purchased a new position in shares of ACM Research in the third quarter worth $182,000. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Down 8.6 %

NASDAQ:ACMR traded down $2.16 during trading hours on Friday, reaching $23.13. The company's stock had a trading volume of 2,255,775 shares, compared to its average volume of 1,618,227. The stock has a 50 day moving average price of $28.68 and a two-hundred day moving average price of $21.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35. The company has a market capitalization of $1.32 billion, a P/E ratio of 20.43 and a beta of 1.42. ACM Research, Inc. has a 12 month low of $9.10 and a 12 month high of $34.40.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.27. The company had revenue of $170.30 million for 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%. The firm's quarterly revenue was up 57.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Equities analysts predict that ACM Research, Inc. will post 1.22 EPS for the current fiscal year.

Insider Activity at ACM Research

In other news, Director Tracy Liu sold 12,500 shares of ACM Research stock in a transaction 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 directly owns 110,772 shares in the company, valued at $2,791,454.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Tracy Liu sold 12,500 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total value of $315,000.00. Following the sale, the director now owns 110,772 shares in the company, valued at $2,791,454.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Feng sold 7,500 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total value of $189,000.00. Following the sale, the insider now directly owns 50,001 shares in the company, valued at $1,260,025.20. The disclosure for this sale can be found here. Insiders have sold 149,434 shares of company stock valued at $4,375,572 in the last ninety days. Corporate insiders own 33.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Benchmark increased their price objective on shares of ACM Research from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. The Goldman Sachs Group raised ACM Research from a "neutral" rating to a "buy" rating and set a $39.00 price objective on the stock in a report on Thursday, February 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $34.00 price target on shares of ACM Research in a research note on Thursday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $31.88.

ACM Research 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.