GSA Capital Partners LLP Acquires 12,185 Shares of ACM Research, Inc. (NASDAQ:ACMR)

GSA Capital Partners LLP increased its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 20.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,805 shares of the specialty retailer’s stock after purchasing an additional 12,185 shares during the quarter. GSA Capital Partners LLP’s holdings in ACM Research were worth $1,458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC lifted its holdings in ACM Research by 283.9% during 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 period. Allspring Global Investments Holdings LLC raised its position in shares of ACM Research by 9.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 408,135 shares of the specialty retailer’s stock worth $9,412,000 after acquiring an additional 34,066 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of ACM Research by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 300,635 shares of the specialty retailer’s stock worth $8,761,000 after acquiring an additional 12,593 shares during the period. M&G Plc bought a new stake in ACM Research in the first quarter valued at approximately $7,413,000. Finally, Bank of New York Mellon Corp increased its position in ACM Research by 8.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 235,860 shares of the specialty retailer’s stock valued at $5,439,000 after purchasing an additional 18,830 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Xiao Xing sold 8,304 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total transaction of $167,657.76. Following the transaction, the director now directly owns 3,430,206 shares of the company’s stock, valued at $69,255,859.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Xiao Xing sold 8,304 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $20.19, for a total transaction of $167,657.76. Following the completion of the sale, the director now directly owns 3,430,206 shares of the company’s stock, valued at $69,255,859.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total transaction of $526,263.00. Following the completion of the transaction, the insider now directly owns 3,403,906 shares in the company, valued at approximately $68,112,159.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,116,516 shares of company stock worth $24,573,590. Corporate insiders own 31.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ACMR shares. Roth Mkm dropped their price target on shares of 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 reaffirmed a “buy” rating and set a $38.00 price target on shares of ACM Research in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of ACM Research in a research report on Tuesday, October 1st.

ACM Research Stock Down 0.4 %

ACM Research stock opened at $18.59 on Thursday. The company has a market capitalization of $1.07 billion, a PE ratio of 14.08 and a beta of 1.54. ACM Research, Inc. has a 12-month low of $13.94 and a 12-month high of $34.40. The firm’s fifty day moving average is $18.84 and its 200 day moving average is $20.74. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The company had revenue of $204.00 million for the quarter, compared to analysts’ expectations of $191.18 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue was up 21.0% on a year-over-year basis. As a group, sell-side analysts predict that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

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.