Informed Momentum Co LLC Makes New $2.01 Million Investment in ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• Informed Momentum Co LLC acquired 85,967 shares of ACM Research, Inc., representing an investment of about $2,006,000, and now owns 0.15% of the company.
• Insider trading activity included Director Tracy Liu and Lisa Feng selling 15,000 shares each, reducing their stakes in ACM Research by 11.93% and 23.08%, respectively.
• ACM Research reported a quarterly earnings per share (EPS) of $0.54, exceeding the consensus estimate of $0.42, while the company's revenue increased by 6.4% year-over-year to $215.37 million.

Informed Momentum Co LLC purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 85,967 shares of the specialty retailer's stock, valued at approximately $2,006,000. Informed Momentum Co LLC owned 0.15% of ACM Research at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kerrisdale Advisers LLC increased its holdings in ACM Research by 550.8% in the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock valued at $29,415,000 after buying an additional 1,648,685 shares during the period. Invesco Ltd. boosted its stake in shares of ACM Research by 18.2% in the 1st quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock valued at $31,255,000 after purchasing an additional 206,149 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of ACM Research by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer's stock valued at $17,896,000 after purchasing an additional 4,131 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ACM Research by 1,418.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer's stock valued at $17,738,000 after purchasing an additional 1,097,358 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of ACM Research by 12,871.6% in the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after purchasing an additional 1,064,482 shares in the last quarter. Institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

Shares of NASDAQ:ACMR traded down $0.46 on Friday, hitting $25.02. The stock had a trading volume of 1,361,058 shares, compared to its average volume of 1,286,849. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month 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 firm's 50 day moving average price is $27.44 and its 200-day moving average price is $24.67. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 15.16 and a beta of 1.36.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $223.42 million. During the same quarter in the previous year, the company earned $0.55 EPS. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Insider Buying and Selling

In related 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 transaction, the director owned 110,772 shares in the company, valued at $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 is available at the SEC website. Also, insider Lisa Feng sold 15,000 shares of the company's 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 transaction, the insider owned 50,001 shares in the company, valued at approximately $1,400,028. This trade represents a 23.08% decrease in their position. The disclosure for this sale can be found here. Insiders have 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.

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.