ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC lessened its position in ACM Research, Inc. (NASDAQ:ACMR) by 28.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,902 shares of the specialty retailer’s stock after selling 20,684 shares during the period. Jackson Creek Investment Advisors LLC owned approximately 0.10% of ACM Research worth $1,034,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Spire Wealth Management acquired a new position in ACM Research in the third quarter worth approximately $27,000. Federated Hermes Inc. bought a new stake in shares of ACM Research during the 3rd quarter worth $46,000. Headlands Technologies LLC acquired a new position in shares of ACM Research in the 4th quarter worth $66,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of ACM Research during the third quarter worth $68,000. Finally, Versor Investments LP purchased a new stake in shares of ACM Research during the third quarter valued at $182,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Needham & Company LLC lifted their price target on ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Roth Mkm raised their price objective on ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. The Goldman Sachs Group upgraded ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, February 29th. Finally, Benchmark boosted their price target on shares of ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $31.88.

ACM Research Stock Performance

Shares of ACMR stock traded down $1.21 during trading hours on Tuesday, reaching $25.52. 891,927 shares of the company’s stock were exchanged, compared to its average volume of 1,650,417. The business has a fifty day moving average price of $28.15 and a 200-day moving average price of $21.55. The stock has a market capitalization of $1.43 billion, a P/E ratio of 22.85 and a beta of 1.39. The company has a quick ratio of 1.26, a current ratio of 2.35 and a debt-to-equity ratio of 0.06. ACM Research, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $34.40.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.27. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The firm had revenue of $170.30 million for the quarter, compared to analyst estimates of $149.54 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 57.0% compared to the same quarter last year. Analysts predict that ACM Research, Inc. will post 1.22 EPS for the current fiscal year.

Insider Activity

In related news, insider David H. Wang sold 90,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.36, for a total value of $2,732,400.00. Following the completion of the transaction, the insider now owns 591,107 shares of the company’s stock, valued at $17,946,008.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other ACM Research news, Director Tracy Liu sold 12,500 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the sale, the director now owns 110,772 shares of the company’s stock, valued at approximately $2,791,454.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David H. Wang sold 90,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $30.36, for a total transaction of $2,732,400.00. Following the completion of the transaction, the insider now directly owns 591,107 shares of the company’s stock, valued at $17,946,008.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,434 shares of company stock worth $4,375,572. Company insiders own 33.63% of the company’s stock.

ACM Research 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.