ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. lowered its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 14.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,450 shares of the specialty retailer’s stock after selling 6,500 shares during the quarter. Total Clarity Wealth Management Inc. owned approximately 0.07% of ACM Research worth $910,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hussman Strategic Advisors Inc. lifted its holdings in shares of ACM Research by 0.3% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 157,500 shares of the specialty retailer’s stock worth $4,590,000 after acquiring an additional 500 shares during the period. Swiss National Bank grew its stake in shares of ACM Research by 1.2% during the 1st quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock valued at $2,558,000 after buying an additional 1,000 shares during the period. Trexquant Investment LP raised its position in shares of ACM Research by 8.1% in the 4th quarter. Trexquant Investment LP now owns 18,543 shares of the specialty retailer’s stock worth $362,000 after buying an additional 1,383 shares during the period. CWM LLC grew its position in ACM Research by 297.1% during the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 1,444 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of ACM Research by 16.7% during the 1st quarter. ProShare Advisors LLC now owns 12,908 shares of the specialty retailer’s stock worth $376,000 after purchasing an additional 1,850 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ACM Research Stock Performance

ACM Research stock opened at $16.80 on Monday. ACM Research, Inc. has a 12-month low of $12.53 and a 12-month 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. The company has a market capitalization of $957.38 million, a price-to-earnings ratio of 12.73 and a beta of 1.52. The firm’s fifty day moving average price is $19.10 and its 200 day moving average price is $23.69.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $202.50 million for the quarter, compared to analyst estimates of $163.05 million. During the same period in the previous year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. On average, research analysts forecast that ACM Research, Inc. will post 0.92 EPS for the current fiscal 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 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.