ACM Research, Inc. $ACMR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 314,609 shares of the specialty retailer’s stock after selling 10,331 shares during the period. Bank of New York Mellon Corp owned approximately 0.51% of ACM Research worth $12,380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of ACM Research by 10.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after acquiring an additional 3,065 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of ACM Research in the 1st quarter valued at $250,000. Strs Ohio acquired a new position in shares of ACM Research during the 1st quarter valued at $133,000. Creative Planning acquired a new position in shares of ACM Research during the 2nd quarter valued at $212,000. Finally, Norges Bank purchased a new stake in ACM Research during the 2nd quarter worth $739,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Price Performance

ACMR opened at $78.47 on Friday. 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 company’s 50-day moving average price is $92.57 and its 200 day moving average price is $67.51. ACM Research, Inc. has a fifty-two week low of $23.03 and a fifty-two week high of $127.19. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 59.90 and a beta of 1.90.

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

Wall Street Analyst Weigh In

ACMR has been the topic of several analyst reports. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley reiterated an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ACM Research in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, ACM Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Insider Buying and Selling

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at $331,100. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sotheara Cheav sold 13,351 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the transaction, the insider owned 100,002 shares of the company’s stock, valued at $8,515,170.30. This represents a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,752 shares of company stock worth $10,752,198 in the last three months. 24.36% of the stock is owned by insiders.

About ACM Research

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.