Allspring Global Investments Holdings LLC raised its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 48.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,889 shares of the specialty retailer's stock after purchasing an additional 11,015 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of ACM Research worth $812,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of ACM Research by 11.1% during the 4th quarter. Bank of New York Mellon Corp now owns 209,909 shares of the specialty retailer's stock valued at $3,170,000 after buying an additional 21,024 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ACM Research by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 408,683 shares of the specialty retailer's stock valued at $6,171,000 after buying an additional 2,825 shares in the last quarter. Arizona State Retirement System lifted its position in shares of ACM Research by 7.3% during the 4th quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer's stock valued at $226,000 after buying an additional 1,017 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of ACM Research during the 4th quarter valued at about $1,294,000. Finally, AlphaQuest LLC lifted its position in shares of ACM Research by 9.5% during the 4th quarter. AlphaQuest LLC now owns 21,331 shares of the specialty retailer's stock valued at $322,000 after buying an additional 1,850 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.
ACM Research Stock Performance
Shares of ACMR stock traded down $0.63 during trading hours on Friday, reaching $28.56. 718,300 shares of the company traded hands, compared to its average volume of 1,446,784. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $30.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.49. The company has a market cap of $1.68 billion, a P/E ratio of 18.31 and a beta of 1.50. The firm has a 50-day moving average price of $24.67 and a 200 day moving average price of $22.66.
Insider Transactions at ACM Research
In other news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the transaction, the insider directly owned 672,708 shares of the company's stock, valued at $15,875,908.80. The trade was a 9.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Feng sold 15,000 shares of ACM Research 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 transaction, the insider directly owned 50,001 shares in the company, valued at approximately $1,400,028. The trade was a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 160,000 shares of company stock worth $3,819,800. Insiders own 25.00% of the company's stock.
About ACM Research
(
Free Report)
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.
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