RPg Family Wealth Advisory LLC Invests $2.10 Million in ACM Research, Inc. $ACMR

Key Points

• RPg Family Wealth Advisory LLC acquired 89,798 shares of ACM Research, Inc. valued at approximately $2.1 million, marking a new position in the company as reported in their recent SEC filing.
• Insider trades show that both Lisa Feng and Tracy Liu sold 15,000 shares of ACM Research, reflecting significant decreases in their respective positions.
• ACM Research, Inc. reported earnings of $0.54 EPS for the last quarter, exceeding analysts' expectations, along with a revenue of $215.37 million, which was below the anticipated $223.42 million.

RPg Family Wealth Advisory LLC bought a new position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 89,798 shares of the specialty retailer's stock, valued at approximately $2,096,000. RPg Family Wealth Advisory LLC owned approximately 0.15% of ACM Research at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cim LLC boosted its position in ACM Research by 2.8% during the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock valued at $259,000 after purchasing an additional 475 shares during the period. Kendall Capital Management boosted its position in ACM Research by 1.4% during the 1st quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock worth $1,056,000 after acquiring an additional 635 shares during the period. NorthCrest Asset Manangement LLC boosted its position in ACM Research by 1.9% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 34,037 shares of the specialty retailer's stock worth $794,000 after acquiring an additional 647 shares during the period. Illumine Investment Management LLC boosted its position in ACM Research by 3.0% during the 1st quarter. Illumine Investment Management LLC now owns 31,262 shares of the specialty retailer's stock worth $730,000 after acquiring an additional 923 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ACM Research by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock worth $438,000 after acquiring an additional 1,061 shares during the period. Institutional investors and hedge funds own 66.75% of the company's stock.

Insiders Place Their Bets

In other news, insider Jian Wang sold 30,000 shares of the business's stock in a transaction on Monday, August 25th. The stock was 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. The trade was a 10.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the sale, the director directly owned 110,772 shares in the company, valued at $3,323,160. This represents a 11.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,152 shares of company stock worth $3,454,560. Insiders own 25.00% of the company's stock.

ACM Research Stock Performance

ACMR stock traded down $0.98 during trading on Friday, reaching $28.32. 611,343 shares of the company's stock were exchanged, compared to its average volume of 1,440,334. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $32.54. The company's fifty day moving average price is $27.86 and its 200-day moving average price is $25.03. The firm has a market cap of $1.68 billion, a PE ratio of 17.16 and a beta of 1.36.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (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 company had revenue of $215.37 million during the quarter, compared to analyst estimates of $223.42 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that ACM Research, Inc. will post 1.17 EPS for the current fiscal 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.