ACM Research, Inc.
In the published model solve dated 2026-Q2, anchored at $74.44, ACM Research, Inc. (ACMR) is priced for today's economics sustained for ~17.2 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Wet cleaning is still the core of this company, with single wafer cleaning, Tahoe and semi-critical cleaning equipment producing ⟦"$626.0 million, or 69.5% of total revenue in 2025"⟧, while electroplating, furnace and other technologies now supply another fifth of the top line. • The equity base is expanding faster than the profit base: the share count has risen about 4.4% a year over the four years to March 2026, and the 2025 balance-sheet build came from raising money rather than from operat
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289 institutional managers reported holding ACMR in 13F filings for the quarter ended 2026-03-31. Together they hold about 63% of the company; the top 10 hold 33%. 65 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 2.4M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (1.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ACMR's share count grew 14.7% over the past five years even with $6.99M spent on repurchases. It pays no dividend. Cash returned over the past three years: $6.99M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ACMR over the trailing three years. Absence is a fact about the company, not a signal. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ACMR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-08 | +8.4% | +44.7% |
| 2023-11-09 | +17.9% | +25.7% |
| 2024-02-29 | +41.9% | -14.3% |
| 2024-05-09 | -7.5% | -5.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ACMR's latest 8-K filings: 2026-08-27 (items 8.01, 9.01); 2026-08-07 (items 2.02, 9.01); 2026-06-22 (items 8.01, 9.01); 2026-06-12 (items 5.07); 2026-05-29 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.