ACM Research, Inc. $ACMR is Triata Capital Ltd's 5th Largest Position

Key Points

• Triata Capital Ltd has increased its stake in ACM Research, Inc. by 33.5%, now owning approximately 7.2% of the company, consisting of 1,371,125 shares valued at about $32 million.
• Insider trading activity included significant sales, with David H. Wang selling 60,000 shares for about $1.36 million and a total of 175,000 shares sold by insiders over the past quarter.
• ACM Research reported earnings of $0.54 per share for the last quarter, exceeding analyst expectations, although revenues fell short, totaling $215.37 million against expectations of $223.42 million.

Triata Capital Ltd raised its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 33.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,371,125 shares of the specialty retailer's stock after purchasing an additional 344,158 shares during the quarter. ACM Research comprises 7.2% of Triata Capital Ltd's portfolio, making the stock its 5th largest holding. Triata Capital Ltd owned about 2.33% of ACM Research worth $32,002,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACMR. KBC Group NV bought a new position in ACM Research during the 1st quarter valued at $29,000. Tower Research Capital LLC TRC boosted its stake in ACM Research by 506.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 1,685 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in ACM Research by 871.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after purchasing an additional 4,192 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in ACM Research during the 1st quarter valued at $114,000. Finally, Palouse Capital Management Inc. boosted its stake in ACM Research by 76.0% during the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after purchasing an additional 2,208 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $420,000.00. Following the completion of the sale, the insider owned 50,001 shares in the company, valued at approximately $1,400,028. This represents a 23.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tracy Liu sold 15,000 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total value of $450,000.00. Following the sale, the director owned 110,772 shares of the company's stock, valued at $3,323,160. This trade represents a 11.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $1,260,000 in the last quarter. Insiders own 25.00% of the company's stock.

ACM Research Price Performance

NASDAQ ACMR traded up $4.92 on Friday, reaching $30.53. 5,775,110 shares of the stock traded hands, compared to its average volume of 1,301,661. The firm's fifty day simple moving average is $27.54 and its 200 day simple moving average is $24.84. 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 company has a market cap of $1.81 billion, a price-to-earnings ratio of 18.50 and a beta of 1.36. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $215.37 million during the quarter, compared to the consensus estimate of $223.42 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts predict 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.