Allspring Global Investments Holdings LLC Purchases 11,015 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Allspring Global Investments Holdings LLC raised its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 48.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,889 shares of the specialty retailer's stock after buying an additional 11,015 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of ACM Research worth $812,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in ACM Research by 147.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,301 shares of the specialty retailer's stock worth $130,000 after acquiring an additional 3,160 shares in the last quarter. Illumine Investment Management LLC boosted its holdings in shares of ACM Research by 3.0% in the 1st quarter. Illumine Investment Management LLC now owns 31,262 shares of the specialty retailer's stock worth $730,000 after purchasing an additional 923 shares in the last quarter. Blue Trust Inc. bought a new position in shares of ACM Research during the 1st quarter valued at about $123,000. Palouse Capital Management Inc. increased its position in shares of 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 during the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of ACM Research during the 1st quarter valued at about $201,000. Institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

ACMR traded down $0.63 during midday trading on Friday, hitting $28.56. The stock had a trading volume of 718,300 shares, compared to its average volume of 1,444,825. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46. The business has a fifty day moving average of $24.67 and a 200 day moving average of $22.56. The company has a market cap of $1.68 billion, a P/E ratio of 18.31 and a beta of 1.50.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 60,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $22.63, for a total transaction of $1,357,800.00. Following the completion of the sale, the insider directly owned 672,708 shares in the company, valued at $15,223,382.04. This represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lisa Feng sold 15,000 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the insider owned 50,001 shares of the company's stock, valued at $1,400,028. This represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 160,000 shares of company stock valued at $3,819,800 over the last three months. 25.00% of the stock is currently owned by 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.