ACM Research (NASDAQ:ACMR) Director Sells $495,000.00 in Stock

Key Points

• Director Tracy Liu sold 15,000 shares of ACM Research stock for $495,000 at an average price of $33.00, reducing their position by approximately 11.93%.
• ACM Research reported a quarterly earnings per share (EPS) of $0.54, exceeding analysts' estimates of $0.42, with revenue of $215.37 million.
• Institutional investors currently own 66.75% of ACM Research shares, with notable increases in stake from firms like Mitsubishi UFJ Trust & Banking Corp and Federated Hermes Inc.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Tracy Liu sold 15,000 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $33.00, for a total transaction of $495,000.00. Following the completion of the sale, the director directly owned 110,772 shares of the company's stock, valued at $3,655,476. The trade was a 11.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tracy Liu also recently made the following trade(s):

• On Tuesday, July 15th, Tracy Liu sold 15,000 shares of ACM Research stock. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00.

ACM Research Price Performance

Shares of NASDAQ:ACMR traded up $0.79 during trading on Monday, reaching $36.68. The company had a trading volume of 2,312,567 shares, compared to its average volume of 1,591,590. The firm's fifty day moving average is $28.86 and its 200 day moving average is $25.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The firm has a market capitalization of $2.17 billion, a PE ratio of 22.23 and a beta of 1.44. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $37.27.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The business had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. On average, equities analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current year.

Institutional Trading of ACM Research

Several institutional investors have recently modified their holdings of ACMR. Hudson Bay Capital Management LP acquired a new position in ACM Research during the second quarter worth about $636,000. Headlands Technologies LLC bought a new stake in shares of ACM Research in the 2nd quarter worth approximately $114,000. Tower Research Capital LLC TRC boosted its holdings in ACM Research by 7.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer's stock worth $157,000 after buying an additional 416 shares in the last quarter. Tidal Investments LLC acquired a new position in ACM Research in the second quarter worth approximately $660,000. Finally, Lazard Asset Management LLC raised its position in shares of ACM Research by 27.9% during the second quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer's stock worth $135,000 after purchasing an additional 1,145 shares during the period. Institutional investors and hedge funds own 66.75% of the company's stock.

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.