Watershed Asset Management L.L.C. Increases Position in ACM Research, Inc. (NASDAQ:ACMR)

Watershed Asset Management L.L.C. increased its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 11.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,933 shares of the specialty retailer’s stock after purchasing an additional 1,582 shares during the quarter. Watershed Asset Management L.L.C.’s holdings in ACM Research were worth $311,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ariose Capital Management Ltd grew its position in shares of ACM Research by 163.8% in the fourth quarter. Ariose Capital Management Ltd now owns 1,980,671 shares of the specialty retailer’s stock valued at $38,702,000 after purchasing an additional 1,229,839 shares during the period. Panview Asian Equity Master Fund boosted its holdings 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 buying an additional 767,753 shares during the last quarter. Vanguard Group Inc. increased its stake in ACM Research by 10.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,082,835 shares of the specialty retailer’s stock worth $73,920,000 after buying an additional 399,854 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of ACM Research by 1,084.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 286,424 shares of the specialty retailer’s stock valued at $5,186,000 after acquiring an additional 262,235 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of ACM Research in the third quarter valued at approximately $3,254,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Activity

In other news, Director Tracy Liu sold 12,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total value of $315,000.00. Following the transaction, the director now owns 110,772 shares of the company’s stock, valued at approximately $2,791,454.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other ACM Research news, Director Tracy Liu sold 12,500 shares of ACM Research stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the sale, the director now directly owns 110,772 shares in the company, valued at $2,791,454.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lisa Feng sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $189,000.00. Following the completion of the transaction, the insider now owns 50,001 shares in the company, valued at $1,260,025.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,434 shares of company stock valued at $4,375,572. 33.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Benchmark boosted their price target on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Needham & Company LLC increased their target price on shares of ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Roth Mkm boosted their price target 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. Finally, The Goldman Sachs Group upgraded shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, February 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, ACM Research presently has a consensus rating of “Buy” and an average target price of $31.88.

ACM Research Trading Up 6.4 %

Shares of NASDAQ ACMR traded up $1.64 during trading on Tuesday, hitting $27.39. 1,794,356 shares of the company were exchanged, compared to its average volume of 1,668,850. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35. ACM Research, Inc. has a 12-month low of $8.75 and a 12-month 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 firm has a market capitalization of $1.54 billion, a PE 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, topping 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 company had revenue of $170.30 million for the quarter, compared to the consensus estimate of $149.54 million. During the same period in the previous year, the firm earned $0.15 earnings per share. ACM Research’s quarterly revenue was up 57.0% compared to the same quarter last year. As a group, equities research analysts expect that ACM Research, Inc. will post 1.22 EPS 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 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.