Arizona State Retirement System Grows Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Arizona State Retirement System boosted its stake in ACM Research, Inc. (NASDAQ:ACMRGet Rating) by 203.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,833 shares of the specialty retailer’s stock after acquiring an additional 7,264 shares during the period. Arizona State Retirement System’s holdings in ACM Research were worth $224,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Calamos Advisors LLC raised its position in ACM Research by 182.3% in the first quarter. Calamos Advisors LLC now owns 91,028 shares of the specialty retailer’s stock worth $1,883,000 after acquiring an additional 58,786 shares during the period. Truvestments Capital LLC raised its position in ACM Research by 190.2% in the first quarter. Truvestments Capital LLC now owns 14,811 shares of the specialty retailer’s stock worth $306,000 after acquiring an additional 9,708 shares during the period. Spearhead Capital Advisors LLC raised its position in ACM Research by 128.5% in the first quarter. Spearhead Capital Advisors LLC now owns 11,011 shares of the specialty retailer’s stock worth $228,000 after acquiring an additional 6,192 shares during the period. China Universal Asset Management Co. Ltd. raised its position in ACM Research by 200.0% in the first quarter. China Universal Asset Management Co. Ltd. now owns 132,450 shares of the specialty retailer’s stock worth $2,740,000 after acquiring an additional 88,300 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in ACM Research by 200.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,530 shares of the specialty retailer’s stock worth $94,000 after acquiring an additional 3,020 shares during the period. Institutional investors own 19.88% of the company’s stock.

ACM Research Stock Performance

NASDAQ ACMR opened at $18.01 on Friday. The company’s 50 day moving average is $15.53 and its 200-day moving average is $18.97. ACM Research, Inc. has a 12-month low of $11.23 and a 12-month high of $39.71. The company has a quick ratio of 2.59, a current ratio of 3.70 and a debt-to-equity ratio of 0.03. The firm has a market cap of $973.89 million, a P/E ratio of 45.40 and a beta of 0.63.

ACM Research (NASDAQ:ACMRGet Rating) last posted its earnings results on Friday, May 6th. The specialty retailer reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. The business had revenue of $42.20 million for the quarter, compared to analyst estimates of $49.25 million. ACM Research had a net margin of 10.26% and a return on equity of 6.71%. ACM Research’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. Sell-side analysts predict that ACM Research, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Craig Hallum lowered their price objective on shares of ACM Research from $43.00 to $24.00 in a research report on Monday, May 9th. The Goldman Sachs Group lowered shares of ACM Research from a “buy” rating to a “neutral” rating and lowered their price target for the company from $44.00 to $20.00 in a research report on Sunday, May 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, ACM Research currently has an average rating of “Moderate Buy” and an average price target of $34.00.

Insider Buying and Selling

In related news, Director Haiping Dun sold 36,150 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $15.00, for a total transaction of $542,250.00. Following the sale, the director now owns 855,090 shares of the company’s stock, valued at approximately $12,826,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 33.96% of the stock is currently owned by insiders.

ACM Research Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for ACM Research (NASDAQ:ACMR)

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