Rice Hall James & Associates LLC Sells 721 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Rice Hall James & Associates LLC trimmed its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,506 shares of the specialty retailer’s stock after selling 721 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.11% of ACM Research worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ACMR. Steamboat Capital Partners LLC bought a new position in ACM Research during the 1st quarter worth approximately $20,398,000. Millennium Management LLC grew its position in shares of ACM Research by 283.9% in the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after buying an additional 683,361 shares during the last quarter. M&G Plc bought a new stake in shares of ACM Research in the 1st quarter worth approximately $7,413,000. Richard P Slaughter Associates Inc bought a new stake in shares of ACM Research in the 2nd quarter worth approximately $1,512,000. Finally, Seven Eight Capital LP grew its position in shares of ACM Research by 625.1% in the 2nd quarter. Seven Eight Capital LP now owns 75,517 shares of the specialty retailer’s stock worth $1,741,000 after buying an additional 65,102 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Down 1.3 %

Shares of NASDAQ:ACMR opened at $18.55 on Friday. The stock has a fifty day simple moving average of $18.66 and a two-hundred day simple moving average of $21.31. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.72 and a beta of 1.52. ACM Research, Inc. has a 12-month low of $12.95 and a 12-month high of $34.40. The company has a current ratio of 2.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. The business had revenue of $202.50 million during the quarter, compared to analysts’ expectations of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The firm’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, research analysts anticipate that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACMR has been the topic of a number of recent analyst reports. Roth Mkm cut their price objective on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of ACM Research in a research report on Tuesday, October 1st.

Insider Transactions at ACM Research

In other news, Director Xiao Xing sold 90,396 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.13, for a total value of $1,910,067.48. Following the completion of the transaction, the director now owns 2,338,510 shares in the company, valued at $49,412,716.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Mark Mckechnie sold 16,516 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $22.00, for a total value of $363,352.00. Following the completion of the transaction, the insider now owns 900 shares in the company, valued at $19,800. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Xiao Xing sold 90,396 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.13, for a total value of $1,910,067.48. Following the sale, the director now owns 2,338,510 shares of the company’s stock, valued at approximately $49,412,716.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,116,516 shares of company stock worth $24,573,590 over the last quarter. 31.24% of the stock is currently owned by insiders.

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.