Janney Montgomery Scott LLC Invests $565,000 in ACM Research, Inc. (NASDAQ:ACMR)

Janney Montgomery Scott LLC bought a new stake in ACM Research, Inc. (NASDAQ:ACMRGet Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 45,378 shares of the specialty retailer’s stock, valued at approximately $565,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Yiheng Capital Management L.P. lifted its position in shares of ACM Research by 10.6% in the 2nd quarter. Yiheng Capital Management L.P. now owns 5,266,800 shares of the specialty retailer’s stock worth $88,640,000 after acquiring an additional 505,800 shares during the period. Goldman Sachs Group Inc. boosted its stake in ACM Research by 363.6% during the second quarter. Goldman Sachs Group Inc. now owns 2,053,683 shares of the specialty retailer’s stock worth $34,564,000 after buying an additional 1,610,702 shares in the last quarter. Vanguard Group Inc. increased its holdings in ACM Research by 211.7% in the 1st quarter. Vanguard Group Inc. now owns 1,988,544 shares of the specialty retailer’s stock valued at $41,143,000 after buying an additional 1,350,632 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of ACM Research by 34.6% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,383,400 shares of the specialty retailer’s stock valued at $23,283,000 after buying an additional 355,300 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of ACM Research by 539.0% during the 2nd quarter. UBS Group AG now owns 973,785 shares of the specialty retailer’s stock worth $16,389,000 after acquiring an additional 821,387 shares during the period. 64.18% of the stock is owned by institutional investors and hedge funds.

ACM Research Stock Up 4.0 %

Shares of ACMR opened at $10.83 on Friday. The company has a market capitalization of $588.87 million, a P/E ratio of 16.83 and a beta of 0.70. ACM Research, Inc. has a one year low of $5.46 and a one year high of $29.50. The business’s 50 day simple moving average is $9.03 and its 200-day simple moving average is $12.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.81 and a quick ratio of 1.86.

ACM Research (NASDAQ:ACMRGet Rating) last posted its quarterly earnings data on Friday, November 4th. The specialty retailer reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.24. ACM Research had a return on equity of 6.76% and a net margin of 11.46%. The company had revenue of $133.71 million for the quarter. As a group, sell-side analysts predict that ACM Research, Inc. will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group raised shares of ACM Research from an “underperform” rating to a “hold” rating and dropped their price target for the stock from $8.00 to $7.00 in a research report on Monday, November 7th. Morgan Stanley cut ACM Research from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $28.00 to $9.00 in a report on Monday, October 17th. Finally, Needham & Company LLC boosted their price target on ACM Research from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, January 4th.

Insiders Place Their Bets

In other news, Director Haiping Dun sold 35,327 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $8.43, for a total transaction of $297,806.61. Following the transaction, the director now directly owns 890,620 shares in the company, valued at $7,507,926.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 33.96% of the company’s stock.

About ACM Research

(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.

Further Reading

Want to see what other hedge funds are holding ACMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACM Research, Inc. (NASDAQ:ACMRGet Rating).

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

Receive News & Ratings for ACM Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACM Research and related companies with MarketBeat.com's FREE daily email newsletter.