Hussman Strategic Advisors Inc. Has $4.84 Million Stock Holdings in ACM Research, Inc. (NASDAQ:ACMR)

Hussman Strategic Advisors Inc. raised its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 33.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 210,000 shares of the specialty retailer's stock after acquiring an additional 52,500 shares during the quarter. ACM Research makes up approximately 1.3% of Hussman Strategic Advisors Inc.'s holdings, making the stock its 4th biggest position. Hussman Strategic Advisors Inc. owned approximately 0.37% of ACM Research worth $4,843,000 at the end of the most recent quarter.

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Several other hedge funds also recently made changes to their positions in the business. Steamboat Capital Partners LLC acquired a new stake in shares of ACM Research in the 1st quarter valued at approximately $20,398,000. Prelude Capital Management LLC acquired a new stake in shares of ACM Research in the 4th quarter valued at approximately $8,640,000. M&G Plc acquired a new stake in shares of ACM Research in the 1st quarter valued at approximately $7,413,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of ACM Research by 544.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 245,484 shares of the specialty retailer's stock valued at $7,153,000 after buying an additional 207,399 shares during the last quarter. Finally, Westend Capital Management LLC acquired a new stake in shares of ACM Research in the 1st quarter valued at approximately $4,802,000. 66.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jian Wang sold 30,000 shares of the firm's stock in a transaction on Friday, June 7th. The stock was sold at an average price of $22.07, for a total value of $662,100.00. Following the transaction, the insider now owns 253,158 shares in the company, valued at $5,587,197.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.24% of the company's stock.

ACM Research Stock Performance

• Breakout brewing in ACM Research ahead of its earnings

ACM Research stock traded up $0.26 during mid-day trading on Friday, hitting $18.04. 774,146 shares of the company's stock traded hands, compared to its average volume of 1,374,015. The firm has a 50 day simple moving average of $20.39 and a two-hundred day simple moving average of $24.00. ACM Research, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $34.40. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 13.67 and a beta of 1.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.29 and a quick ratio of 1.26.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.25. The firm had revenue of $202.50 million for the quarter, compared to analysts' expectations of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The company's quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. On average, research analysts expect that ACM Research, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACMR has been the subject of several recent analyst reports. Benchmark reissued a "buy" rating and issued a $38.00 price objective on shares of ACM Research in a report on Wednesday, August 7th. Roth Mkm cut their price target on ACM Research from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $28.00 price target on shares of ACM Research in a report on Thursday, August 8th.

View Our Latest Stock Analysis on ACM Research

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.

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