Acadian Asset Management LLC Invests $3.90 Million in ACM Research, Inc. $ACMR

Key Points

• Acadian Asset Management LLC invested approximately $3.90 million in ACM Research, acquiring 167,425 shares, which represents about 0.28% of the company.
• ACM Research reported an EPS of $0.54 for the latest quarter, surpassing analysts' expectations, although revenue fell short of estimates at $215.37 million.
• Insider sales have been notable, with 30,000 shares sold by insider Jian Wang at an average price of $32, indicating significant insider activity in the company's stock.

Acadian Asset Management LLC bought a new position 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 Securities & Exchange Commission. The firm bought 167,425 shares of the specialty retailer's stock, valued at approximately $3,902,000. Acadian Asset Management LLC owned approximately 0.28% of ACM Research as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of ACMR. Cim LLC grew its position in ACM Research by 2.8% in the fourth quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock valued at $259,000 after acquiring an additional 475 shares during the last quarter. Kendall Capital Management boosted its holdings in shares of 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 buying an additional 635 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of 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 buying an additional 647 shares in the last quarter. Illumine Investment Management LLC boosted its holdings in shares of 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 buying an additional 923 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 buying an additional 1,061 shares in the last quarter. Institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $29.86 on Monday. 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 twelve month low of $13.87 and a twelve month high of $32.54. The stock's 50 day moving average is $28.24 and its 200-day moving average is $25.29. The firm has a market capitalization 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 released its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, beating 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 business had revenue of $215.37 million during the quarter, compared to analyst estimates of $223.42 million. During the same period in the prior year, the firm posted $0.55 EPS. ACM Research's quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Transactions at ACM Research

In other ACM Research news, insider Jian Wang sold 30,000 shares of the company'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 completion of the transaction, the insider owned 253,158 shares in the company, valued at $8,101,056. This represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sotheara Cheav sold 11,152 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $30.00, for a total value of $334,560.00. Following the completion of the transaction, the insider owned 100,002 shares of the company's stock, valued at $3,000,060. This trade represents a 10.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 246,152 shares of company stock worth $6,914,160. Company 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.

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