Aberdeen Group plc acquired a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,194 shares of the specialty retailer's stock, valued at approximately $235,000.
A number of other hedge funds have also recently modified their holdings of the business. Fox Run Management L.L.C. bought a new stake in shares of ACM Research during the 1st quarter valued at $322,000. E Fund Management Co. Ltd. bought a new stake in shares of ACM Research during the 1st quarter valued at $812,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 acquiring an additional 4,192 shares during the period. Russell Investments Group Ltd. grew its position in shares of ACM Research by 388.3% during the 1st quarter. Russell Investments Group Ltd. now owns 142,244 shares of the specialty retailer's stock valued at $3,320,000 after acquiring an additional 113,111 shares during the period. Finally, Informed Momentum Co LLC bought a new stake in shares of ACM Research during the 1st quarter valued at $2,006,000. Institutional investors own 66.75% of the company's stock.
ACM Research Stock Performance
Shares of ACMR stock traded down $1.72 during mid-day trading on Wednesday, reaching $28.19. 1,221,505 shares of the company's stock traded hands, compared to its average volume of 1,442,371. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. The firm has a 50 day moving average price of $27.71 and a two-hundred day moving average price of $24.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The firm has a market capitalization of $1.67 billion, a PE ratio of 17.04 and a beta of 1.36.
ACM Research (NASDAQ:ACMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, beating 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 company had revenue of $215.37 million for the quarter, compared to analysts' expectations of $223.42 million. During the same quarter in the previous year, the company earned $0.55 EPS. ACM Research's revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current year.
Insider Buying and Selling at ACM Research
In other news, Director Tracy Liu sold 15,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00. Following the sale, the director directly owned 110,772 shares in the company, valued at approximately $3,323,160. This represents a 11.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sotheara Cheav sold 11,152 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $30.00, for a total transaction of $334,560.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 116,152 shares of company stock valued at $3,454,560 over the last quarter. 25.00% of the stock is owned by corporate insiders.
ACM Research Profile
(
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.
Featured Articles
Before you consider ACM Research, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ACM Research wasn't on the list.
While ACM Research currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access