ACM Research (NASDAQ:ACMR) Shares Up 6.1% - Here's What Happened

Key Points

• ACM Research shares increased by 6.1% during mid-day trading, reaching a last traded price of $32.84 after closing at $30.94.
• The company reported $0.54 EPS for the last quarter, exceeding expectations by $0.12, with a quarterly revenue of $215.37 million, although below analysts' predictions.
• Institutional investors own approximately 66.75% of ACM Research's stock, with several firms, such as Deutsche Bank AG and Janus Henderson Group PLC, increasing their stakes significantly in the last quarter.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) shares shot up 6.1% during mid-day trading on Wednesday . The stock traded as high as $32.22 and last traded at $32.84. 304,437 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,429,688 shares. The stock had previously closed at $30.94.

ACM Research Stock Up 5.0%

The firm has a 50 day moving average price of $28.32 and a 200-day moving average price of $25.36. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.92 billion, a PE ratio of 19.67 and a beta of 1.43.

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

Insider Activity

In related news, insider Sotheara Cheav sold 11,152 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $30.00, for a total transaction of $334,560.00. Following the completion of the sale, the insider owned 100,002 shares in the company, valued at $3,000,060. The trade was a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 246,152 shares of company stock valued at $6,914,160 over the last 90 days. Insiders own 25.00% of the company's stock.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently added to or reduced their stakes in ACMR. Deutsche Bank AG lifted its stake in ACM Research by 22.9% during the fourth quarter. Deutsche Bank AG now owns 282,915 shares of the specialty retailer's stock worth $4,272,000 after purchasing an additional 52,716 shares during the last quarter. Janus Henderson Group PLC lifted its stake in ACM Research by 29.8% in the fourth quarter. Janus Henderson Group PLC now owns 152,005 shares of the specialty retailer's stock valued at $2,295,000 after buying an additional 34,880 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ACM Research by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after buying an additional 1,061 shares during the last quarter. Man Group plc purchased a new stake in ACM Research in the fourth quarter valued at approximately $370,000. Finally, ProShare Advisors LLC lifted its stake in ACM Research by 45.8% in the fourth quarter. ProShare Advisors LLC now owns 21,516 shares of the specialty retailer's stock valued at $325,000 after buying an additional 6,762 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

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.

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