Alps Advisors Inc. Reduces Position in ACM Research, Inc. (NASDAQ:ACMR)

Alps Advisors Inc. trimmed its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 43.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACMR. Penserra Capital Management LLC bought a new position in shares of ACM Research during the first quarter valued at $1,911,000. Bank of New York Mellon Corp grew its position in ACM Research by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 214,017 shares of the specialty retailer's stock valued at $4,995,000 after acquiring an additional 4,108 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of ACM Research in the 1st quarter worth $468,000. Kendall Capital Management raised its stake in ACM Research by 1.4% in the first quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock valued at $1,056,000 after buying an additional 635 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of ACM Research in the first quarter worth about $29,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other ACM Research news, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction that occurred 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 transaction, the insider directly owned 50,001 shares in the company, valued at $1,400,028. The trade was a 23.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tracy Liu sold 15,000 shares of the company's 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 transaction, the director directly owned 110,772 shares in the company, valued at $3,323,160. This represents a 11.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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

NASDAQ ACMR opened at $30.20 on Friday. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $30.64. The company has a market cap of $1.78 billion, a PE ratio of 19.36 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 stock's 50 day simple moving average is $25.40 and its 200-day simple moving average is $22.95.

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.

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