Alps Advisors Inc. Sells 9,364 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Alps Advisors Inc. decreased its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 43.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,983 shares of the specialty retailer's stock after selling 9,364 shares during the quarter. Alps Advisors Inc.'s holdings in ACM Research were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. KBC Group NV bought a new stake in ACM Research in the first quarter worth $29,000. Tower Research Capital LLC TRC raised its stake in shares of ACM Research by 506.0% in the fourth 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 stake in ACM Research by 76.0% during the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after purchasing an additional 2,208 shares during the period. Blue Trust Inc. purchased a new position in ACM Research during the 1st quarter valued at approximately $123,000. Finally, Federated Hermes Inc. boosted its holdings 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 purchasing an additional 2,447 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ACM Research

In related news, insider Lisa Feng sold 15,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $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 available through the SEC website. Also, Director Tracy Liu sold 15,000 shares of the company's stock in a transaction that occurred 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 sale, the director directly 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 90 days, insiders have sold 175,000 shares of company stock worth $4,269,800. 25.00% of the stock is currently owned by company insiders.

ACM Research Stock Up 1.1%

ACMR stock traded up $0.32 on Monday, hitting $30.40. 839,683 shares of the company's stock were exchanged, compared to its average volume of 1,425,745. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46. The firm has a 50 day moving average price of $25.56 and a two-hundred day moving average price of $23.16. The stock has a market cap of $1.79 billion, a P/E ratio of 19.49 and a beta of 1.50. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $30.73.

ACM Research Company 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.