ACM Research (NASDAQ:ACMR) Announces Quarterly Earnings Results

Key Points

• ACM Research reported earnings of $0.54 per share for the quarter, exceeding analysts' expectations by $0.12, although revenue fell short of estimates at $215.37 million.
• Shares of ACMR declined 1.4%, trading at $23.94, with a trading volume surpassing its average.
• Institutional investors hold 66.75% of ACM Research, with several firms increasing their stake in the company during the recent quarters.

ACM Research (NASDAQ:ACMR - Get Free Report) announced its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12, Briefing.com reports. ACM Research had a return on equity of 9.57% and a net margin of 13.76%. The firm had revenue of $215.37 million during the quarter, compared to analyst estimates of $223.42 million. During the same quarter in the previous year, the business earned $0.55 EPS. ACM Research's revenue for the quarter was up 6.4% compared to the same quarter last year.

ACM Research Price Performance

Shares of ACM Research stock traded up $0.65 on Wednesday, hitting $25.58. The company's stock had a trading volume of 593,519 shares, compared to its average volume of 1,424,699. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. ACM Research has a 1 year low of $13.87 and a 1 year high of $32.54. The firm has a fifty day moving average price of $27.35 and a 200-day moving average price of $24.50. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.53 and a beta of 1.36.

Insider Activity at ACM Research

In related news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total value of $1,652,000.00. Following the completion of the transaction, the insider owned 672,708 shares in the company, valued at $15,875,908.80. The trade was a 9.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the transaction, the director owned 110,772 shares of the company's stock, valued at approximately $3,323,160. This represents a 11.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock worth $4,269,800 in the last 90 days. Corporate insiders own 25.00% of the company's stock.

Institutional Investors Weigh In On ACM Research

Large investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in ACM Research during the 1st quarter worth approximately $133,000. Creative Planning purchased a new stake in ACM Research during the 2nd quarter worth approximately $212,000. Caxton Associates LLP purchased a new stake in ACM Research during the 1st quarter worth approximately $250,000. Norges Bank purchased a new stake in ACM Research during the 2nd quarter worth approximately $739,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ACM Research by 10.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer's stock worth $748,000 after buying an additional 3,065 shares in the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

ACM Research Company Profile

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.