Inspire Investing LLC bought a new position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 28,080 shares of the specialty retailer's stock, valued at approximately $655,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV bought a new position in shares of ACM Research during the 1st quarter worth about $29,000. Caitong International Asset Management Co. Ltd increased its holdings 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 worth $109,000 after purchasing an additional 4,192 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of ACM Research during the 1st quarter worth about $114,000. Palouse Capital Management Inc. increased its holdings in shares of ACM Research by 76.0% during the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after purchasing an additional 2,208 shares during the period. Finally, Blue Trust Inc. bought a new position in shares of ACM Research during the 1st quarter worth about $123,000. Institutional investors own 66.75% of the company's stock.
ACM Research Stock Performance
NASDAQ:ACMR opened at $29.86 on Friday. The firm's 50-day moving average is $28.24 and its 200-day moving average is $25.30. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $32.54. 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 company has a market cap of $1.77 billion, a price-to-earnings ratio of 18.10 and a beta of 1.43.
ACM Research (NASDAQ:ACMR - Get Free Report) last issued its 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. The business had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. Equities research analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current year.
Insider Activity at ACM Research
In other news, Director Tracy Liu sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00. Following the transaction, the director directly owned 110,772 shares in the company, valued at approximately $3,323,160. This represents a 11.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David H. Wang sold 70,000 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $26.76, for a total transaction of $1,873,200.00. Following the sale, the insider directly owned 672,708 shares of the company's stock, valued at approximately $18,001,666.08. This trade represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 246,152 shares of company stock valued at $6,914,160 in the last three months. 25.00% of the stock is currently owned by corporate insiders.
ACM Research Company Profile
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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.
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