ACM Research, Inc. $ACMR Shares Acquired by Triata Capital Ltd

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 increased its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 33.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,371,125 shares of the specialty retailer's stock after purchasing an additional 344,158 shares during the quarter. ACM Research makes up 7.2% of Triata Capital Ltd's portfolio, making the stock its 5th biggest position. Triata Capital Ltd owned 2.33% of ACM Research worth $32,002,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. KBC Group NV acquired a new position in ACM Research in the first quarter valued at about $29,000. Tower Research Capital LLC TRC increased its stake in shares of ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 1,685 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of ACM Research by 871.5% in 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 acquiring an additional 4,192 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in ACM Research in the first quarter worth $114,000. Finally, Palouse Capital Management Inc. increased its holdings in shares of 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 acquiring an additional 2,208 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Stock Up 19.2%

Shares of NASDAQ:ACMR traded up $4.92 during midday trading on Friday, reaching $30.53. 5,765,946 shares of the company were exchanged, compared to its average volume of 1,438,280. The firm has a market cap of $1.81 billion, a PE ratio of 18.50 and a beta of 1.36. The stock has a fifty day simple moving average of $27.42 and a two-hundred day simple moving average of $24.77. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $32.54. 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 (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. During the same period in the previous year, the business earned $0.55 EPS. The company's revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Insider Buying and Selling 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 shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the insider owned 50,001 shares in the company, valued at $1,400,028. This trade represents a 23.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00. Following the completion of the transaction, the director directly owned 110,772 shares of the company's stock, valued at approximately $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 45,000 shares of company stock worth $1,260,000 over the last ninety days. 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.