Hussman Strategic Advisors Inc. decreased its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 62.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 63,000 shares of the specialty retailer's stock after selling 105,000 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.11% of ACM Research worth $1,470,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV acquired a new stake in ACM Research in the 1st quarter valued at about $29,000. Tower Research Capital LLC TRC lifted its holdings in shares of ACM Research by 506.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 1,685 shares during the period. Palouse Capital Management Inc. lifted its holdings in ACM Research by 76.0% in the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after buying an additional 2,208 shares during the period. Blue Trust Inc. acquired a new position in shares of ACM Research during the first quarter valued at about $123,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of ACM Research by 147.6% during 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. Institutional investors own 66.75% of the company's stock.
Insider Activity at ACM Research
In other ACM Research news, insider David H. Wang sold 70,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $23.60, for a total value of $1,652,000.00. Following the sale, the insider owned 672,708 shares of the company's stock, valued at $15,875,908.80. This trade represents a 9.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total transaction of $450,000.00. Following the completion of the sale, the director directly owned 110,772 shares in the company, 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. In the last 90 days, insiders have sold 175,000 shares of company stock valued at $4,269,800. Insiders own 25.00% of the company's stock.
ACM Research Stock Performance
Shares of ACM Research stock traded down $0.12 on Friday, reaching $30.08. 933,402 shares of the company traded hands, compared to its average volume of 1,428,097. The firm has a market capitalization of $1.77 billion, a PE ratio of 19.28 and a beta of 1.50. 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 50 day moving average of $25.56 and a 200 day moving average of $23.11. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $30.64.
ACM Research Profile
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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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