10,000 Shares in ACM Research, Inc. $ACMR Acquired by Candriam S.C.A.

Candriam S.C.A. purchased a new position in ACM Research, Inc. (NASDAQ:ACMR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the specialty retailer’s stock, valued at approximately $812,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WCM Investment Management LLC raised its stake in ACM Research by 16,878.8% during the first quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after buying an additional 1,849,914 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ACM Research by 207.6% in the first quarter. Dimensional Fund Advisors LP now owns 719,023 shares of the specialty retailer’s stock worth $28,286,000 after acquiring an additional 485,282 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of ACM Research in the second quarter worth $41,402,000. Wellington Management Group LLP purchased a new stake in shares of ACM Research in the second quarter worth $22,204,000. Finally, First Trust Advisors LP increased its holdings in shares of ACM Research by 73.7% during the first quarter. First Trust Advisors LP now owns 373,987 shares of the specialty retailer’s stock valued at $14,716,000 after acquiring an additional 158,664 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

Insider Activity at ACM Research

In other news, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total transaction of $5,221,300.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $59,873,989.72. This represents a 8.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Haiping Dun sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total value of $405,650.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $405,650. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 24.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ACMR. Daiwa Securities Group initiated coverage on ACM Research in a research report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price target for the company. Weiss Ratings cut shares of ACM Research from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Craig Hallum restated a “buy” rating and set a $100.00 price objective on shares of ACM Research in a research note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, ACM Research currently has a consensus rating of “Moderate Buy” and an average price target of $122.75.

ACM Research Trading Up 7.7%

Shares of ACMR opened at $52.43 on Thursday. The firm has a market cap of $3.41 billion, a P/E ratio of 36.59 and a beta of 2.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.16 and a quick ratio of 2.28. ACM Research, Inc. has a 1 year low of $28.46 and a 1 year high of $127.19. The company has a 50 day simple moving average of $63.59 and a two-hundred day simple moving average of $68.36.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, November 5th. The specialty retailer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. ACM Research had a return on equity of 4.38% and a net margin of 10.20%. The firm had revenue of $367.69 million during the quarter, compared to analyst estimates of $310.56 million. During the same quarter last year, the business posted $0.36 earnings per share. The business’s quarterly revenue was up 36.6% compared to the same quarter last year. On average, equities analysts expect that ACM Research, Inc. will post 1.68 earnings per share for the current fiscal year.

About ACM Research

ACM Research, Inc. develops, manufactures and sells equipment used in semiconductor fabrication and advanced packaging. Its products support wafer processing, where precision cleaning and other treatment steps help prepare semiconductor wafers during production. The company’s portfolio includes single-wafer wet-cleaning equipment, electroplating systems, stress-free polishing tools and furnaces, as well as equipment for advanced packaging applications. Its cleaning technologies are designed to remove particles and contaminants from wafers.