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 firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $33.00, for a total transaction of $495,000.00. Following the completion of the sale, the director owned 110,772 shares of the company's stock, valued at approximately $3,655,476. The trade was a 11.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 ACMR traded down $0.20 during mid-day trading on Friday, reaching $35.89. 1,788,236 shares of the company's stock were exchanged, compared to its average volume of 1,463,533. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $28.56 and a two-hundred day simple moving average of $25.50. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $36.30. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 21.75 and a beta of 1.43.

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

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of ACM Research by 39.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer's stock valued at $59,631,000 after buying an additional 649,116 shares during the period. Federated Hermes Inc. grew its stake in shares of ACM Research by 32.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer's stock valued at $36,822,000 after buying an additional 348,936 shares during the period. Triata Capital Ltd grew its stake in shares of ACM Research by 33.5% during the 1st quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer's stock valued at $32,002,000 after buying an additional 344,158 shares during the period. Invesco Ltd. grew its stake in shares of ACM Research by 18.2% during the 1st quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock valued at $31,255,000 after buying an additional 206,149 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of ACM Research by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,238,031 shares of the specialty retailer's stock valued at $32,069,000 after buying an additional 21,366 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

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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