Counterpoint Mutual Funds LLC Invests $279,000 in ACM Research, Inc. (NASDAQ:ACMR)

Counterpoint Mutual Funds LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,575 shares of the specialty retailer’s stock, valued at approximately $279,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in ACM Research by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer’s stock valued at $73,920,000 after purchasing an additional 399,854 shares in the last quarter. Ariose Capital Management Ltd grew its holdings in ACM Research by 163.8% during the 4th quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer’s stock valued at $38,702,000 after buying an additional 1,229,839 shares during the last quarter. Panview Asian Equity Master Fund grew its holdings in ACM Research by 264.7% during the 4th quarter. Panview Asian Equity Master Fund now owns 1,057,753 shares of the specialty retailer’s stock valued at $20,668,000 after buying an additional 767,753 shares during the last quarter. UBS Group AG grew its holdings in ACM Research by 6.6% during the 4th quarter. UBS Group AG now owns 560,250 shares of the specialty retailer’s stock valued at $10,947,000 after buying an additional 34,928 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in ACM Research by 16.5% during the 4th quarter. Point72 Hong Kong Ltd now owns 496,494 shares of the specialty retailer’s stock valued at $9,701,000 after buying an additional 70,227 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $22.07, for a total transaction of $662,100.00. Following the completion of the transaction, the insider now owns 253,158 shares of the company’s stock, valued at $5,587,197.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jian Wang sold 30,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $22.07, for a total value of $662,100.00. Following the completion of the transaction, the insider now owns 253,158 shares of the company’s stock, valued at $5,587,197.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David H. Wang sold 90,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $22.81, for a total transaction of $2,052,900.00. Following the completion of the transaction, the insider now directly owns 590,108 shares of the company’s stock, valued at approximately $13,460,363.48. The disclosure for this sale can be found here. Insiders have sold a total of 240,329 shares of company stock worth $5,440,934 in the last ninety days. Corporate insiders own 31.24% of the company’s stock.

ACM Research Trading Down 3.4 %

NASDAQ ACMR traded down $0.78 on Tuesday, hitting $21.85. 1,112,529 shares of the stock were exchanged, compared to its average volume of 1,509,794. ACM Research, Inc. has a 52-week low of $11.73 and a 52-week high of $34.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 16.55 and a beta of 1.44. The company’s 50-day moving average price is $24.41 and its two-hundred day moving average price is $23.46.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.09. ACM Research had a net margin of 13.79% and a return on equity of 10.26%. The firm had revenue of $152.19 million for the quarter, compared to analysts’ expectations of $151.00 million. Research analysts predict that ACM Research, Inc. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACMR. Benchmark increased their target price on ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price target on shares of ACM Research in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group upgraded ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, February 29th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $31.88.

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.