ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 96.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,433 shares of the specialty retailer's stock after selling 369,472 shares during the quarter. SG Americas Securities LLC's holdings in ACM Research were worth $314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cim LLC increased its stake in ACM Research by 2.8% in the fourth quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock valued at $259,000 after purchasing an additional 475 shares during the period. Rhumbline Advisers grew its holdings in shares of ACM Research by 0.8% during the fourth quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock worth $1,113,000 after buying an additional 589 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of ACM Research by 7.3% during the fourth quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer's stock worth $226,000 after buying an additional 1,017 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ACM Research by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after acquiring an additional 1,061 shares during the period. Finally, Picton Mahoney Asset Management raised its stake in ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after acquiring an additional 1,236 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insiders Place Their Bets

In related news, insider David H. Wang sold 70,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the completion of the transaction, the insider directly owned 672,708 shares of the company's stock, valued at $15,875,908.80. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lisa Feng sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $26.00, for a total transaction of $390,000.00. Following the completion of the sale, the insider owned 50,001 shares of the company's stock, valued at approximately $1,300,026. The trade was a 23.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,000 shares of company stock valued at $3,399,800. 25.00% of the stock is owned by insiders.

ACM Research Stock Performance

ACM Research stock traded up $0.12 during mid-day trading on Monday, reaching $25.90. 1,164,812 shares of the company were exchanged, compared to its average volume of 1,453,401. The firm's 50-day simple moving average is $23.17 and its two-hundred day simple moving average is $21.85. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $30.64. The firm has a market cap of $1.52 billion, a PE ratio of 16.60 and a beta of 1.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46.

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.