American Century Companies Inc. Has $2.84 Million Stake in ACM Research, Inc. $ACMR

Key Points

• American Century Companies Inc. increased its holdings in ACM Research, Inc. by 13.6%, owning 121,672 shares valued at $2.84 million after acquiring an additional 14,590 shares during the first quarter.
• Insiders sold 116,152 shares of ACM Research in the last 90 days, with notable sales by Jian Wang and Tracy Liu, resulting in decreases of 10.59% and 11.93% in their respective ownership stakes.
• ACM Research reported earnings of $0.54 per share, exceeding analyst expectations, while its revenue for the quarter was $215.37 million, which was below the forecast of $223.42 million.

American Century Companies Inc. boosted its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 13.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,672 shares of the specialty retailer's stock after acquiring an additional 14,590 shares during the quarter. American Century Companies Inc. owned about 0.21% of ACM Research worth $2,840,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in ACMR. Invesco Ltd. lifted its stake in shares of ACM Research by 18.2% during the first quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock worth $31,255,000 after purchasing an additional 206,149 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ACM Research by 1,418.5% during the fourth 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 buying an additional 1,097,358 shares during the last quarter. Federated Hermes Inc. grew its position in shares of ACM Research by 12,871.6% during the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock worth $25,038,000 after buying an additional 1,064,482 shares during the period. Triata Capital Ltd acquired a new stake in ACM Research during the 4th quarter worth approximately $15,507,000. Finally, Raiffeisen Bank International AG bought a new stake in ACM Research during the fourth quarter worth $10,549,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ACM Research

In other ACM Research news, insider Lisa Feng sold 15,000 shares of the company's stock in a transaction on 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 directly owned 50,001 shares in the company, valued at $1,400,028. This represents a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sotheara Cheav sold 11,152 shares of ACM Research stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $30.00, for a total transaction of $334,560.00. Following the completion of the sale, the insider directly owned 100,002 shares in the company, valued at approximately $3,000,060. The trade was a 10.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 116,152 shares of company stock valued at $3,454,560. 25.00% of the stock is owned by insiders.

ACM Research Price Performance

Shares of ACMR stock traded down $0.64 on Tuesday, reaching $27.58. The company had a trading volume of 1,197,969 shares, compared to its average volume of 1,624,579. The stock has a market capitalization of $1.63 billion, a PE ratio of 16.72 and a beta of 1.43. The business's 50-day moving average is $28.03 and its 200 day moving average is $25.14. 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 one year low of $13.87 and a one year high of $32.54.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 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 firm had revenue of $215.37 million during 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 business's revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

ACM Research Company 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.