Inspire Investing LLC Invests $655,000 in ACM Research, Inc. $ACMR

Key Points

• Inspire Investing LLC purchased 28,080 shares of ACM Research, Inc., valued at approximately $655,000, indicating significant interest from institutional investors in the company.
• ACM Research reported an earnings per share of $0.54 for the last quarter, surpassing estimates and showcasing a 6.4% year-over-year revenue growth.
• Insiders have sold a total of 246,152 shares of ACM Research stock in the last three months, representing a notable shift in ownership dynamics among key stakeholders.

Inspire Investing LLC bought a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 28,080 shares of the specialty retailer's stock, valued at approximately $655,000.

A number of other hedge funds have also recently bought and sold shares of ACMR. Northern Trust Corp grew its holdings in ACM Research by 9.9% during the fourth quarter. Northern Trust Corp now owns 534,243 shares of the specialty retailer's stock worth $8,067,000 after acquiring an additional 47,953 shares during the period. Deutsche Bank AG increased its stake in ACM Research by 22.9% in the 4th 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 in the last quarter. Janus Henderson Group PLC increased its stake in ACM Research by 29.8% in the 4th quarter. Janus Henderson Group PLC now owns 152,005 shares of the specialty retailer's stock worth $2,295,000 after purchasing an additional 34,880 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ACM Research by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock worth $438,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Man Group plc purchased a new position in ACM Research in the 4th quarter worth about $370,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ACM Research

In other news, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the sale, the insider directly owned 50,001 shares in the company, valued at $1,400,028. The trade was a 23.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.00, for a total value of $960,000.00. Following the sale, the insider owned 253,158 shares of the company's stock, valued at approximately $8,101,056. This represents a 10.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 246,152 shares of company stock worth $6,914,160 over the last quarter. Insiders own 25.00% of the company's stock.

ACM Research Trading Up 4.3%

ACMR traded up $1.45 during trading on Thursday, reaching $35.21. The company had a trading volume of 1,696,332 shares, compared to its average volume of 1,451,503. The firm's 50-day simple moving average is $28.42 and its 200 day simple moving average is $25.41. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 21.46 and a beta of 1.43. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $35.74. 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 (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. 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 period last year, the company posted $0.55 EPS. The business's quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current year.

ACM Research 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.