ACM Research, Inc. (NASDAQ:ACMR) Position Increased by Cynosure Group LLC

Cynosure Group LLC grew its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 30.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,996 shares of the specialty retailer’s stock after purchasing an additional 4,930 shares during the period. Cynosure Group LLC’s holdings in ACM Research were worth $426,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of ACM Research by 283.9% during the second quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after purchasing an additional 683,361 shares during the period. Algert Global LLC increased its stake in shares of ACM Research by 530.5% in the third quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock worth $3,611,000 after acquiring an additional 149,670 shares during the last quarter. Richard P Slaughter Associates Inc purchased a new stake in shares of ACM Research during the second quarter worth $1,512,000. Seven Eight Capital LP raised its holdings in shares of ACM Research by 625.1% during the second quarter. Seven Eight Capital LP now owns 75,517 shares of the specialty retailer’s stock worth $1,741,000 after acquiring an additional 65,102 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. boosted its position in ACM Research by 33.3% during the second quarter. Hussman Strategic Advisors Inc. now owns 210,000 shares of the specialty retailer’s stock valued at $4,843,000 after purchasing an additional 52,500 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ACM Research

In other ACM Research news, Director Xiao Xing sold 8,304 shares of ACM Research stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $20.19, for a total transaction of $167,657.76. Following the sale, the director now owns 3,430,206 shares in the company, valued at $69,255,859.14. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of ACM Research stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total transaction of $526,263.00. Following the sale, the insider now owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,187,766 shares of company stock worth $25,933,640 over the last three months. Company insiders own 31.24% of the company’s stock.

Wall Street Analyst Weigh In

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

ACM Research Trading Down 0.6 %

Shares of ACMR stock opened at $17.27 on Thursday. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $19.26 and its two-hundred day moving average is $20.20. The company has a market cap of $994.92 million, a PE ratio of 13.08 and a beta of 1.54. ACM Research, Inc. has a 12 month low of $13.94 and a 12 month high of $34.40.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.35. The company had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. ACM Research’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. Equities analysts predict that ACM Research, Inc. will post 1.12 EPS for the current year.

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.