Geode Capital Management LLC Has $839,000 Stake in ACM Research Inc (ACMR)

Geode Capital Management LLC Has $839,000 Stake in ACM Research Inc (ACMR)

Geode Capital Management LLC grew its stake in ACM Research Inc (NASDAQ:ACMR) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 77,179 shares of the specialty retailer’s stock after acquiring an additional 3,782 shares during the quarter. Geode Capital Management LLC’s holdings in ACM Research were worth $839,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of ACM Research by 154.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,783 shares of the specialty retailer’s stock valued at $506,000 after purchasing an additional 27,787 shares during the period. BlackRock Inc. grew its stake in shares of ACM Research by 1.3% in the 4th quarter. BlackRock Inc. now owns 410,562 shares of the specialty retailer’s stock valued at $4,467,000 after purchasing an additional 5,284 shares during the period. Vanguard Group Inc grew its stake in shares of ACM Research by 70.3% in the 3rd quarter. Vanguard Group Inc now owns 279,837 shares of the specialty retailer’s stock valued at $3,098,000 after purchasing an additional 115,563 shares during the period. Vanguard Group Inc. grew its stake in shares of ACM Research by 70.3% in the 3rd quarter. Vanguard Group Inc. now owns 279,837 shares of the specialty retailer’s stock valued at $3,098,000 after purchasing an additional 115,563 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of ACM Research by 65.7% in the 4th quarter. Bank of New York Mellon Corp now owns 27,695 shares of the specialty retailer’s stock valued at $301,000 after purchasing an additional 10,985 shares during the period. Institutional investors own 10.91% of the company’s stock.

Several research firms have recently weighed in on ACMR. Craig Hallum reiterated a “buy” rating and issued a $25.00 price objective (up from $20.00) on shares of ACM Research in a research note on Thursday. ValuEngine upgraded ACM Research from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research lowered ACM Research from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Benchmark reiterated a “buy” rating and issued a $16.00 price objective on shares of ACM Research in a research note on Friday, March 8th.

ACMR stock opened at $18.51 on Friday. ACM Research Inc has a 1-year low of $9.02 and a 1-year high of $19.50. The company has a market capitalization of $259.62 million, a PE ratio of 33.65 and a beta of -0.27.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Tuesday, May 7th. The specialty retailer reported $0.14 EPS for the quarter, topping the consensus estimate of $0.02 by $0.12. The business had revenue of $20.48 million for the quarter, compared to the consensus estimate of $17.50 million. ACM Research had a return on equity of 20.03% and a net margin of 8.81%. On average, sell-side analysts predict that ACM Research Inc will post 0.5 earnings per share 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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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