LPL Financial LLC Has $3.12 Million Position in ACM Research, Inc. $ACMR

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 cut its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 42.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Kerrisdale Advisers LLC lifted its position in ACM Research by 550.8% in the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock valued at $29,415,000 after purchasing an additional 1,648,685 shares during the last quarter. Geode Capital Management LLC lifted its position in ACM Research by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer's stock valued at $17,896,000 after purchasing an additional 4,131 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ACM Research by 1,418.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer's stock valued at $17,738,000 after purchasing an additional 1,097,358 shares during the last quarter. Triata Capital Ltd bought a new stake in ACM Research in the 4th quarter valued at about $15,507,000. Finally, Raiffeisen Bank International AG bought a new stake in ACM Research in the 4th quarter valued at about $10,549,000. 66.75% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Tracy Liu sold 15,000 shares of the firm's 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 owned 110,772 shares in the company, valued at approximately $3,323,160. This trade represents a 11.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lisa Feng sold 15,000 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the transaction, the insider owned 50,001 shares of the company's stock, valued at approximately $1,400,028. This trade represents a 23.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,000 shares of company stock worth $1,260,000. 25.00% of the stock is owned by corporate insiders.

ACM Research Stock Performance

NASDAQ:ACMR traded up $0.45 during mid-day trading on Thursday, hitting $25.61. The stock had a trading volume of 1,187,925 shares, compared to its average volume of 1,268,243. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 15.52 and a beta of 1.36. The company has a 50 day simple moving average of $27.42 and a 200-day simple moving average of $24.77. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $32.54. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $215.37 million for the quarter, compared to the consensus estimate of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. ACM Research's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. On average, research analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

About ACM Research

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.