Dodge & Cox Increases Stake in ACM Research, Inc. $ACMR

Key Points

• Dodge & Cox increased its stake in ACM Research, Inc. by 17.7% in the first quarter, owning 63,092 shares valued at approximately $1.47 million.
• Insider sales have occurred recently, with Director Tracy Liu and another insider selling a combined 30,000 shares of ACM Research stock, indicating a decrease in their ownership by 11.93% and 23.08% respectively.
• Shares of ACM Research, Inc. have risen by 19.2%, with the stock trading at approximately $30.53, following a quarterly earnings report that surpassed estimates.

Dodge & Cox grew its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 17.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,092 shares of the specialty retailer's stock after purchasing an additional 9,500 shares during the period. Dodge & Cox owned about 0.11% of ACM Research worth $1,473,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Man Group plc purchased a new stake in ACM Research in the 4th quarter worth approximately $370,000. Pinpoint Asset Management Ltd lifted its position in shares of ACM Research by 14.4% during the 1st quarter. Pinpoint Asset Management Ltd now owns 122,428 shares of the specialty retailer's stock valued at $2,857,000 after buying an additional 15,382 shares in the last quarter. Aberdeen Group plc purchased a new position in shares of ACM Research during the 1st quarter valued at approximately $235,000. Raymond James Financial Inc. purchased a new position in shares of ACM Research during the 4th quarter valued at approximately $1,294,000. Finally, GAMMA Investing LLC lifted its position in shares of ACM Research by 4,309.2% during the 1st quarter. GAMMA Investing LLC now owns 19,092 shares of the specialty retailer's stock valued at $446,000 after buying an additional 18,659 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

Shares of NASDAQ:ACMR traded up $0.71 during midday trading on Thursday, reaching $29.29. 1,426,838 shares of the company's stock traded hands, compared to its average volume of 1,445,528. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $32.54. The company has a market cap of $1.73 billion, a P/E ratio of 17.75 and a beta of 1.36. 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 company has a fifty day simple moving average of $27.77 and a two-hundred day simple moving average of $24.98.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (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 firm had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. During the same quarter last year, the firm posted $0.55 EPS. The business's revenue 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 fiscal year.

Insider Transactions at ACM Research

In other ACM Research news, insider Jian Wang sold 30,000 shares of the firm'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 transaction, the insider owned 253,158 shares in the company, valued at approximately $8,101,056. This trade represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lisa Feng sold 15,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the insider owned 50,001 shares in the company, valued at $1,400,028. The trade was a 23.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 116,152 shares of company stock valued at $3,454,560 in the last 90 days. 25.00% of the stock is owned by company insiders.

About ACM Research

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.