ACM Research (NASDAQ:ACMR) Hits New 12-Month High - What's Next?

Key Points

• ACM Research's stock reached a new 12-month high at $31.06 during trading, with the last trade recorded at $30.81, showing an increase of 5.6% from the previous close.
• Insider trading activity includes Director Tracy Liu selling 15,000 shares for $450,000, reducing her holdings by 11.93%, while another insider, David H. Wang, sold 70,000 shares for $1.65 million.
• Institutional investors own 66.75% of ACM Research stock, with multiple firms adjusting their holdings in recent quarters, reflecting growing interest in the company.

Shares of ACM Research, Inc. (NASDAQ:ACMR - ) reached a new 52-week high during trading on Monday . The stock traded as high as $31.06 and last traded at $30.81, with a volume of 548991 shares changing hands. The stock had previously closed at $29.93.

ACM Research Stock Up 5.6%

The firm's 50-day moving average price is $26.10 and its 200 day moving average price is $23.66. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 20.24 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.49.

Insiders Place Their Bets

In other news, Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total value of $450,000.00. Following the transaction, the director owned 110,772 shares of the company's stock, valued at approximately $3,323,160. This trade represents a 11.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David H. Wang sold 70,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the completion of the transaction, the insider directly owned 672,708 shares in the company, valued at approximately $15,875,908.80. This represents a 9.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,000 shares of company stock valued at $4,269,800 over the last quarter. Company insiders own 25.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cim LLC lifted its position in ACM Research by 2.8% in the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock valued at $259,000 after purchasing an additional 475 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of ACM Research by 2.4% in the 2nd quarter. Vontobel Holding Ltd. now owns 20,551 shares of the specialty retailer's stock worth $532,000 after purchasing an additional 491 shares during the last quarter. FCG Investment Co grew its stake in shares of ACM Research by 1.6% in the 2nd quarter. FCG Investment Co now owns 35,877 shares of the specialty retailer's stock worth $929,000 after purchasing an additional 577 shares during the last quarter. Kendall Capital Management increased its position in shares of ACM Research by 1.4% in the first quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock worth $1,056,000 after acquiring an additional 635 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its position in shares of ACM Research by 1.9% in the first quarter. NorthCrest Asset Manangement LLC now owns 34,037 shares of the specialty retailer's stock worth $794,000 after acquiring an additional 647 shares in the last quarter. 66.75% of the stock is 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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