Susquehanna International Group 13F: Adds $4.9M to ACMR Stake

Susquehanna International Group heavily expanded its position in ACM Research, Inc. (NASDAQ: ACMR) during the first part of the year. According to the institutional investor's Form 13F filing with the SEC for the period ending May 15, 2026, the firm raised its holdings in the semiconductor equipment developer by 195.15%. This transaction added thousands of shares to Susquehanna's portfolio, showing a substantial increase in its exposure to the growing chip manufacturing sector.

Susquehanna Expands Semiconductor Footprint

In its latest quarterly report, Susquehanna disclosed that it purchased 39,504 shares of ACM Research. This purchase raised its total holding to 59,747 shares, up from 20,243 shares in the previous period. The newly expanded position was valued at $7.47 million by the end of the reporting period. Susquehanna's average cost basis for these shares stands at $43.79.

Because Form 13F filings are delayed by up to 45 days after the end of a quarter, they show a backward-looking picture of a fund's portfolio. This means the investment firm may have already modified its holdings since the report was submitted.

ACM Research Stock Performance and Market Position

ACM Research has experienced strong upward momentum on the Nasdaq. On Wednesday, the stock traded at $125.02 per share, which is near the very top of its 52-week trading range of $28.46 to $127.19. The company has a total market capitalization of $5.07 billion.

The stock's 50-day moving average is $78.53, while its longer-term 200-day moving average sits at $65.15. The stock trades at a P/E ratio of 34.33, meaning investors are paying a premium for its earnings growth. With a beta of 1.953, the stock tends to be nearly twice as volatile as the broader market, which can lead to rapid price swings during industry shifts.

Recent Earnings and Financial Health

The company's financial performance has been supported by rising demand for semiconductor manufacturing tools. ACM Research generated $1.04 billion in revenue over the last twelve months, which represents a 36% growth rate compared to the prior year.

The company recorded a net profit margin of 14.48% and a return on equity of 11.63%. Its diluted earnings per share came in at $2.12. ACM Research also shows a healthy balance sheet with a current ratio of 3.656 and a quick ratio of 2.6, alongside a low debt-to-equity ratio of 14.524. Investors are looking forward to the next quarterly earnings update, which is scheduled for November 4, 2026.

Analysts Set New Price Targets

Wall Street researchers have remained highly optimistic about the company's growth trajectory. On August 26, 2026, Daiwa Capital started coverage on ACM Research, issuing a Buy rating and setting a price target of $136.00.

Earlier, on June 24, 2026, Morgan Stanley maintained its Overweight rating and lifted its price target to $130.00. Additionally, Roth Capital reiterated a buy rating on June 18, 2026, with a target of $125.00. Right now, eight analysts follow the stock, giving it a consensus recommendation of "strong_buy" with an average target price of $115.88.

Inside ACM Research's Business

ACM Research specializes in building the high-tech machinery that microchip manufacturers use to clean and package silicon wafers. The company designs wet cleaning systems, electrochemical plating equipment, and furnace systems that help eliminate microscopic defects on chip surfaces. These tools are critical for advanced chip factories in China and other global markets.

What to Watch at ACM Research, Inc.

As the semiconductor industry continues to expand, investors will want to track whether other major institutional funds follow Susquehanna's lead. Tidal Investments also recently grew its stake in the chip equipment firm, showing a wider pattern of institutional interest. Future SEC filings and the upcoming earnings report in November will reveal whether this positive momentum translates into sustained long-term growth.