ACM Research, Inc. $ACMR Shares Sold by LPL Financial LLC

Key Points

• LPL Financial LLC reduced its position in ACM Research, Inc. by 42.7% in Q1, selling nearly 100,000 shares, leaving it with 133,556 shares valued at approximately $3.1 million.
• ACM Research reported a quarterly EPS of $0.54, exceeding analysts' estimates, and had revenues of $215.37 million, slightly below consensus expectations.
• Insider Lisa Feng sold 15,000 shares at an average price of $28.00, moving to a total of 50,001 shares post-sale, indicating a 23.08% decrease in her holdings.

LPL Financial LLC reduced its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 42.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,556 shares of the specialty retailer's stock after selling 99,691 shares during the quarter. LPL Financial LLC owned about 0.23% of ACM Research worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ACMR. KBC Group NV purchased a new position in shares of ACM Research in the 1st quarter worth $29,000. Tower Research Capital LLC TRC raised its position 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 worth $30,000 after buying an additional 1,685 shares during the period. Palouse Capital Management Inc. raised its position in shares of ACM Research by 76.0% in the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after buying an additional 2,208 shares during the period. Blue Trust Inc. purchased a new position in shares of ACM Research in the 1st quarter worth $123,000. Finally, Federated Hermes Inc. raised its position in shares of ACM Research by 42.0% in the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock worth $125,000 after buying an additional 2,447 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 value of $420,000.00. Following the completion of the sale, the insider directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director owned 110,772 shares of the company's stock, valued at approximately $3,323,160. This represents a 11.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,000 shares of company stock valued at $2,617,800. 25.00% of the stock is currently owned by company insiders.

ACM Research Trading Down 1.3%

Shares of ACMR traded down $0.3250 during trading hours on Wednesday, hitting $24.7450. The stock had a trading volume of 403,780 shares, compared to its average volume of 1,409,814. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The firm has a market cap of $1.46 billion, a P/E ratio of 14.98 and a beta of 1.36. The company's fifty day simple moving average is $27.44 and its 200 day simple moving average is $24.73. 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 issued its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.12. The business had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. Equities research analysts forecast 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.