GSA Capital Partners LLP Has $1.46 Million Stake in ACM Research, Inc. (NASDAQ:ACMR)

GSA Capital Partners LLP increased its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,805 shares of the specialty retailer’s stock after purchasing an additional 12,185 shares during the period. GSA Capital Partners LLP owned approximately 0.12% of ACM Research worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ACMR. Millennium Management LLC increased its position 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 increased its position in 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 period. Russell Investments Group Ltd. increased its position in ACM Research by 4.4% during 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 acquired a new stake in ACM Research in the 1st quarter worth about $7,413,000. Finally, Bank of New York Mellon Corp boosted its holdings in ACM Research by 8.7% in 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of ACM Research in a report on Tuesday, October 1st. Roth Mkm lowered their price objective on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and set a $38.00 target price on shares of ACM Research in a research report on Wednesday, August 7th.

ACM Research Stock Performance

NASDAQ ACMR opened at $18.59 on Thursday. The firm’s 50 day simple moving average is $18.84 and its 200 day simple moving average is $20.74. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.08 and a beta of 1.54. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10. ACM Research, Inc. has a 1 year low of $13.94 and a 1 year high of $34.40.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm had revenue of $204.00 million for the quarter, compared to the consensus estimate of $191.18 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was up 21.0% compared to the same quarter last year. As a group, research analysts expect that ACM Research, Inc. will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling at ACM Research

In other news, major shareholder Science & Technology Shanghai sold 275,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $24.07, for a total value of $6,619,250.00. Following the sale, the insider now directly owns 2,428,906 shares in the company, valued at approximately $58,463,767.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Science & Technology Shanghai sold 275,000 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $24.07, for a total transaction of $6,619,250.00. Following the completion of the transaction, the insider now directly owns 2,428,906 shares in the company, valued at approximately $58,463,767.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Xiao Xing sold 90,396 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 2,338,510 shares in the company, valued at approximately $49,412,716.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,116,516 shares of company stock worth $24,573,590 over the last 90 days. Insiders own 31.24% of the company’s stock.

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.