ACM Research, Inc. (NASDAQ:ACMR) Shares Bought by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. increased its position in ACM Research, Inc. (NASDAQ:ACMR) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,933 shares of the specialty retailer’s stock after acquiring an additional 1,582 shares during the period. Watershed Asset Management L.L.C.’s holdings in ACM Research were worth $311,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Panview Asian Equity Master Fund grew its stake in ACM Research by 264.7% in the 4th quarter. Panview Asian Equity Master Fund now owns 1,057,753 shares of the specialty retailer’s stock worth $20,668,000 after acquiring an additional 767,753 shares during the period. New York State Common Retirement Fund lifted its stake in shares of ACM Research by 36.1% during the 4th quarter. New York State Common Retirement Fund now owns 21,208 shares of the specialty retailer’s stock worth $414,000 after purchasing an additional 5,620 shares during the period. Hussman Strategic Advisors Inc. acquired a new stake in shares of ACM Research during the fourth quarter worth $3,068,000. Calamos Advisors LLC grew its position in shares of ACM Research by 33.3% in the fourth quarter. Calamos Advisors LLC now owns 80,134 shares of the specialty retailer’s stock valued at $1,566,000 after purchasing an additional 20,009 shares during the period. Finally, Quaero Capital S.A. increased its stake in ACM Research by 84.4% in the fourth quarter. Quaero Capital S.A. now owns 130,514 shares of the specialty retailer’s stock valued at $2,550,000 after purchasing an additional 59,749 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on ACMR shares. Benchmark raised their price target on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Roth Mkm raised their target price on shares of ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Needham & Company LLC upped their price target on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group upgraded shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, February 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ACM Research currently has a consensus rating of “Buy” and an average price target of $31.88.

ACM Research Trading Up 6.4 %

Shares of NASDAQ ACMR traded up $1.64 during midday trading on Tuesday, hitting $27.39. The stock had a trading volume of 1,794,356 shares, compared to its average volume of 1,668,850. The company has a quick ratio of 1.26, a current ratio of 2.35 and a debt-to-equity ratio of 0.06. ACM Research, Inc. has a 1-year low of $8.75 and a 1-year high of $34.40. The company has a fifty day moving average price of $27.52 and a 200 day moving average price of $21.32. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 23.41 and a beta of 1.39.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The business had revenue of $170.30 million for the quarter, compared to the consensus estimate of $149.54 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, analysts predict that ACM Research, Inc. will post 1.22 earnings per share for the current year.

Insider Activity

In other ACM Research news, insider Sotheara Cheav sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the transaction, the insider now owns 105,002 shares in the company, valued at approximately $3,054,508.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other ACM Research news, insider Sotheara Cheav sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the transaction, the insider now directly owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tracy Liu sold 12,500 shares of ACM Research stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total value of $315,000.00. Following the sale, the director now directly owns 110,772 shares in the company, valued at $2,791,454.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,434 shares of company stock worth $4,375,572. 33.63% 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.