Capelight Capital Asset Management LP Reduces Position in ACM Research, Inc. $ACMR

Capelight Capital Asset Management LP decreased its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 40.0% in the first quarter, HoldingsChannel reports. The fund owned 30,000 shares of the specialty retailer’s stock after selling 20,000 shares during the quarter. ACM Research makes up about 0.8% of Capelight Capital Asset Management LP’s portfolio, making the stock its 28th largest holding. Capelight Capital Asset Management LP’s holdings in ACM Research were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in shares of ACM Research by 90.1% during the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Leonteq Securities AG bought a new stake in ACM Research during the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its position in shares of ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 299 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

Insider Activity

In related news, insider David H. Wang sold 60,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total value of $5,403,000.00. Following the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $72,283,855.40. This represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles C. Pappis sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at approximately $260,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 128,752 shares of company stock valued at $11,012,198. 24.36% of the stock is currently owned by company insiders.

ACM Research Stock Performance

Shares of NASDAQ:ACMR opened at $97.77 on Friday. The firm has a fifty day simple moving average of $80.47 and a two-hundred day simple moving average of $60.75. ACM Research, Inc. has a 52 week low of $23.03 and a 52 week high of $127.19. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.99 billion, a P/E ratio of 74.63 and a beta of 1.90.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. The business had revenue of $231.26 million for the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, analysts expect that ACM Research, Inc. will post 1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACMR has been the subject of a number of recent analyst reports. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Morgan Stanley reissued an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Roth Mkm set a $125.00 price target on ACM Research and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.50.

ACM Research Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.