Morgan Stanley Raises Holdings in ACM Research Inc (NASDAQ:ACMR)

Morgan Stanley increased its holdings in ACM Research Inc (NASDAQ:ACMR) by 222.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,386 shares of the specialty retailer’s stock after purchasing an additional 7,850 shares during the quarter. Morgan Stanley’s holdings in ACM Research were worth $177,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Paloma Partners Management Co purchased a new position in shares of ACM Research during the second quarter worth $825,000. A.R.T. Advisors LLC purchased a new position in shares of ACM Research during the second quarter worth $321,000. Renaissance Technologies LLC purchased a new position in shares of ACM Research during the second quarter worth $787,000. Allianz Asset Management GmbH purchased a new position in shares of ACM Research during the second quarter worth $631,000. Finally, Acadian Asset Management LLC purchased a new position in shares of ACM Research during the second quarter worth $134,000. Institutional investors own 12.54% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded ACM Research from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, November 5th. ValuEngine lowered ACM Research from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus assumed coverage on ACM Research in a research report on Thursday, August 22nd. They set a “buy” rating and a $22.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of ACM Research in a research report on Thursday, November 7th. Finally, Benchmark lowered their price target on ACM Research from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.20.

ACMR opened at $14.42 on Friday. ACM Research Inc has a 52 week low of $9.02 and a 52 week high of $21.88. The business has a fifty day simple moving average of $13.58 and a 200-day simple moving average of $15.91. The firm has a market cap of $207.05 million, a P/E ratio of 13.32 and a beta of -0.61. The company has a quick ratio of 1.18, a current ratio of 2.03 and a debt-to-equity ratio of 0.05.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.53 EPS for the quarter, topping the consensus estimate of $0.22 by $0.31. The business had revenue of $33.43 million during the quarter, compared to analyst estimates of $29.70 million. ACM Research had a return on equity of 37.12% and a net margin of 16.61%. Sell-side analysts expect that ACM Research Inc will post 0.75 earnings per share for the current year.

About ACM Research

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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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Institutional Ownership by Quarter for ACM Research (NASDAQ:ACMR)

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