Catalyst Capital Advisors LLC Takes $203,000 Position in ACM Research, Inc. (NASDAQ:ACMR)

Catalyst Capital Advisors LLC bought a new position in ACM Research, Inc. (NASDAQ:ACMR) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 10,000 shares of the specialty retailer’s stock, valued at approximately $203,000.

Other institutional investors also recently bought and sold shares of the company. CWM LLC increased its position in ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after buying an additional 1,444 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in ACM Research in the 2nd quarter worth approximately $59,000. Lazard Asset Management LLC increased its holdings in 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 acquiring an additional 2,970 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in ACM Research during the 2nd quarter worth approximately $99,000. Finally, Palouse Capital Management Inc. purchased a new position in ACM Research during the second quarter valued at approximately $105,000. 66.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACMR. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of ACM Research in a research note on Tuesday, October 1st. Roth Mkm cut their price target on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Benchmark restated a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a research report on Wednesday, August 7th.

ACM Research Trading Down 2.0 %

ACM Research stock opened at $18.18 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.29 and a quick ratio of 1.26. The stock has a market cap of $1.04 billion, a P/E ratio of 14.43 and a beta of 1.54. The firm’s 50 day moving average price is $18.64 and its 200-day moving average price is $21.03. ACM Research, Inc. has a 1 year low of $12.95 and a 1 year high of $34.40.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results 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 firm had revenue of $202.50 million during the quarter, compared to analyst estimates of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. ACM Research’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, equities analysts predict that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal year.

Insider Transactions at ACM Research

In related news, Director Xiao Xing sold 90,396 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 2,338,510 shares of the company’s stock, valued at $49,412,716.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Xiao Xing sold 90,396 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 2,338,510 shares of the company’s stock, valued at $49,412,716.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total value of $526,263.00. Following the sale, the insider now owns 3,403,906 shares of the company’s stock, valued at approximately $68,112,159.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,116,516 shares of company stock valued at $24,573,590. 31.24% of the stock is currently owned by corporate 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.