ACM Research, Inc. (NASDAQ:ACMR) Position Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,568 shares of the specialty retailer’s stock after selling 2,159 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ACM Research were worth $206,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in ACM Research by 10.9% during the 3rd 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 during the last quarter. Ariose Capital Management Ltd grew its position in shares of 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 acquiring an additional 1,229,839 shares during the last quarter. Pertento Partners LLP increased its holdings in shares of ACM Research by 3.4% in the 3rd quarter. Pertento Partners LLP now owns 1,195,464 shares of the specialty retailer’s stock worth $21,644,000 after acquiring an additional 39,207 shares during the period. UBS Group AG boosted its stake in ACM Research by 3.9% during the 3rd quarter. UBS Group AG now owns 525,322 shares of the specialty retailer’s stock valued at $9,511,000 after purchasing an additional 19,871 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in ACM Research by 65.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 473,178 shares of the specialty retailer’s stock valued at $9,246,000 after purchasing an additional 186,754 shares during the period. 66.75% of the stock is currently owned by institutional investors.

Insider Transactions at ACM Research

In related 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 directly owns 110,772 shares of the company’s stock, valued at $2,791,454.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Tracy Liu sold 12,500 shares of ACM Research stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total value of $315,000.00. Following the transaction, the director now directly owns 110,772 shares in the company, valued at approximately $2,791,454.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David H. Wang sold 90,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.36, for a total value of $2,732,400.00. Following the sale, the insider now directly owns 591,107 shares of the company’s stock, valued at $17,946,008.52. 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 quarter. Insiders own 33.63% of the company’s stock.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $27.33 on Wednesday. ACM Research, Inc. has a 1 year low of $9.10 and a 1 year high of $34.40. The firm has a market cap of $1.56 billion, a P/E ratio of 23.36 and a beta of 1.42. The stock has a fifty day moving average price of $28.89 and a two-hundred day moving average price of $21.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 9.23% and a net margin of 13.87%. The company’s revenue was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Research analysts forecast that ACM Research, Inc. will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.