Acadian Asset Management LLC Takes Position 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 purchased a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ACMR. KBC Group NV acquired a new stake in shares of ACM Research during the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its position in ACM Research by 871.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock worth $109,000 after buying an additional 4,192 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in ACM Research in the first quarter worth $114,000. Palouse Capital Management Inc. increased its position in ACM Research by 76.0% in the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after buying an additional 2,208 shares during the period. Finally, Blue Trust Inc. acquired a new stake in ACM Research in the first quarter worth $123,000. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Stock Performance

NASDAQ ACMR traded down $0.20 during trading hours on Friday, hitting $35.89. The company had a trading volume of 1,788,236 shares, compared to its average volume of 1,790,880. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $36.30. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $28.70 and a 200-day simple moving average of $25.57. The firm has a market cap of $2.12 billion, a P/E ratio of 21.75 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, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $223.42 million. During the same period last year, the company earned $0.55 earnings per share. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts predict that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Transactions at ACM Research

In other ACM Research news, insider Lisa Feng sold 15,000 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the insider directly owned 50,001 shares of the company's stock, valued at $1,400,028. This trade represents a 23.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sotheara Cheav sold 10,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $35.00, for a total value of $350,000.00. Following the transaction, the insider directly owned 100,002 shares in the company, valued at $3,500,070. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 301,152 shares of company stock valued at $8,809,160 over the last three months. 25.00% of the stock is currently owned by company insiders.

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.