Trust Co. of Oklahoma Invests $687,000 in ACM Research, Inc. (NASDAQ:ACMR)

Trust Co. of Oklahoma acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 23,575 shares of the specialty retailer’s stock, valued at approximately $687,000.

Several other institutional investors have also modified their holdings of ACMR. Trexquant Investment LP lifted its position in ACM Research by 7.5% in the third quarter. Trexquant Investment LP now owns 17,160 shares of the specialty retailer’s stock valued at $311,000 after acquiring an additional 1,198 shares during the last quarter. Watershed Asset Management L.L.C. increased its stake in ACM Research by 11.0% in the fourth quarter. Watershed Asset Management L.L.C. now owns 15,933 shares of the specialty retailer’s stock valued at $311,000 after purchasing an additional 1,582 shares during the period. Federated Hermes Inc. acquired a new position in ACM Research in the third quarter valued at $46,000. Deutsche Bank AG increased its stake in ACM Research by 14.3% in the third quarter. Deutsche Bank AG now owns 24,672 shares of the specialty retailer’s stock valued at $447,000 after purchasing an additional 3,087 shares during the period. Finally, Headlands Technologies LLC acquired a new position in ACM Research in the fourth quarter valued at $66,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 90,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $22.81, for a total value of $2,052,900.00. Following the sale, the insider now owns 590,108 shares of the company’s stock, valued at $13,460,363.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider David H. Wang sold 86,090 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $22.62, for a total transaction of $1,947,355.80. Following the completion of the transaction, the insider now owns 504,018 shares of the company’s stock, valued at $11,400,887.16. The sale 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 on 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 sale, 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 240,329 shares of company stock valued at $5,440,934 over the last quarter. Corporate insiders own 31.24% of the company’s stock.

Analyst Ratings Changes

ACMR has been the topic of a number of recent analyst reports. Benchmark boosted their price target on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of ACM Research in a research note on Thursday, May 9th. 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 a consensus target price of $31.88.

ACM Research Price Performance

ACMR traded up $1.08 on Wednesday, hitting $23.87. 788,490 shares of the company were exchanged, compared to its average volume of 1,487,368. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.31 and a current ratio of 2.31. The business’s fifty day moving average is $23.78 and its 200 day moving average is $23.68. ACM Research, Inc. has a fifty-two week low of $11.82 and a fifty-two week high of $34.40. The firm has a market capitalization of $1.36 billion, a P/E ratio of 18.08 and a beta of 1.55.

ACM Research (NASDAQ:ACMR) last issued its earnings results 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 company had revenue of $152.19 million for the quarter, compared to analyst estimates of $151.00 million. As a group, sell-side analysts anticipate that ACM Research, Inc. will post 1 EPS for the current 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.