Rice Hall James & Associates LLC Decreases Stake in ACM Research, Inc. (NASDAQ:ACMR)

Rice Hall James & Associates LLC lessened its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,227 shares of the specialty retailer’s stock after selling 3,533 shares during the quarter. Rice Hall James & Associates LLC owned about 0.11% of ACM Research worth $1,481,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 1,444 shares in the last quarter. Picton Mahoney Asset Management bought a new position in ACM Research during the second quarter valued at $59,000. Lazard Asset Management LLC grew its stake in shares of ACM Research by 1,197.6% in the 1st quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock worth $93,000 after buying an additional 2,970 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of ACM Research in the 2nd quarter worth about $99,000. Finally, SG Americas Securities LLC purchased a new stake in shares of ACM Research during the 1st quarter valued at about $196,000. Institutional investors own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on ACMR shares. Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research report on Wednesday, August 7th. Roth Mkm dropped their target price on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of ACM Research in a report on Thursday, August 8th.

ACM Research Stock Up 4.9 %

Shares of NASDAQ:ACMR opened at $16.64 on Thursday. The firm has a market capitalization of $948.26 million, a PE ratio of 12.10 and a beta of 1.52. The business has a 50 day simple moving average of $19.54 and a two-hundred day simple moving average of $23.87. ACM Research, Inc. has a 1 year low of $12.53 and a 1 year high of $34.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.29 and a quick ratio of 1.26.

ACM Research (NASDAQ:ACMR) last posted 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. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The company had revenue of $202.50 million during the quarter, compared to analysts’ expectations of $163.05 million. During the same quarter in the previous year, the business earned $0.45 EPS. ACM Research’s revenue was up 40.0% compared to the same quarter last year. On average, equities analysts predict that ACM Research, Inc. will post 0.92 EPS for the current year.

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.