Shares of ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $30.73 and last traded at $30.42, with a volume of 503961 shares. The stock had previously closed at $30.08.
ACM Research Stock Up 1.1%
The firm has a market cap of $1.79 billion, a PE ratio of 19.49 and a beta of 1.50. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12. The company's 50 day moving average price is $25.56 and its two-hundred day moving average price is $23.16.
Insider Buying and Selling
In other news, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the insider owned 50,001 shares of the company's stock, valued at approximately $1,400,028. The trade was a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the sale, the director owned 110,772 shares in the company, valued at $3,323,160. This represents a 11.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,000 shares of company stock valued at $4,269,800. Corporate insiders own 25.00% of the company's stock.
Institutional Investors Weigh In On ACM Research
Hedge funds and other institutional investors have recently made changes to their positions in the company. KBC Group NV purchased a new position in shares of ACM Research during the first quarter valued at $29,000. Tower Research Capital LLC TRC increased its position in ACM Research by 506.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 1,685 shares during the period. Caitong International Asset Management Co. Ltd increased its position in ACM Research by 871.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after purchasing an additional 4,192 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in ACM Research during the first quarter valued at approximately $114,000. Finally, Palouse Capital Management Inc. increased its holdings in ACM Research by 76.0% during the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after buying an additional 2,208 shares during the period. Hedge funds and other institutional investors own 66.75% of the company's stock.
ACM Research Company Profile
(
Get Free Report)
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.
Further Reading
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