Vaughan Nelson Investment Management L.P. Invests $482,000 in ACM Research, Inc. (NASDAQ:ACMR)

Vaughan Nelson Investment Management L.P. acquired a new position in ACM Research, Inc. (NASDAQ:ACMR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,760 shares of the specialty retailer’s stock, valued at approximately $482,000.

Several other large investors have also recently made changes to their positions in ACMR. SG Americas Securities LLC acquired a new position in shares of ACM Research in the 1st quarter worth approximately $196,000. Swiss National Bank lifted its holdings in ACM Research by 1.2% during the 1st quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock worth $2,558,000 after buying an additional 1,000 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in ACM Research by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 300,635 shares of the specialty retailer’s stock worth $8,761,000 after buying an additional 12,593 shares in the last quarter. ProShare Advisors LLC lifted its holdings in ACM Research by 16.7% during the 1st quarter. ProShare Advisors LLC now owns 12,908 shares of the specialty retailer’s stock worth $376,000 after buying an additional 1,850 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in ACM Research during the 1st quarter worth approximately $1,207,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Price Performance

Shares of ACMR opened at $18.33 on Monday. ACM Research, Inc. has a twelve month low of $13.94 and a twelve month high of $34.40. The firm’s fifty day simple moving average is $18.94 and its 200-day simple moving average is $20.63. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.89 and a beta of 1.54. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The business had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. During the same period last year, the business earned $0.41 EPS. The company’s revenue was up 21.0% on a year-over-year basis. Equities analysts forecast that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ACMR shares. Roth Mkm reduced their target price on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Benchmark reiterated a “buy” rating and set a $38.00 target price on shares of ACM Research in a report on Wednesday, August 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of ACM Research in a report on Tuesday, October 1st.

Insider Activity at ACM Research

In related news, Director Xiao Xing sold 90,396 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.13, for a total value of $1,910,067.48. Following the transaction, the director now directly owns 2,338,510 shares of the company’s stock, valued at $49,412,716.30. This trade represents a 3.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Science & Technology Shanghai sold 275,000 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $24.07, for a total transaction of $6,619,250.00. Following the completion of the transaction, the insider now directly owns 2,428,906 shares in the company, valued at $58,463,767.42. This trade represents a 10.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,116,516 shares of company stock valued at $24,573,590 in the last ninety days. Insiders own 31.24% 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.