Amundi Acquires Shares of 337,606 ACM Research, Inc. $ACMR

Key Points

• Amundi has acquired a new stake in ACM Research, Inc. by purchasing 337,606 shares valued at approximately $7,545,000, representing about 0.57% of the company.
• Several hedge funds have significantly increased their stakes in ACM Research, with notable increases including a 12,871.6% rise by Federated Hermes and a 1,418.5% increase by UBS AM.
• Insider trading activity included Jian Wang selling 30,000 shares for $960,000, and Sotheara Cheav selling 11,152 shares for $334,560, indicating a decrease in their ownership.

Amundi acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 337,606 shares of the specialty retailer's stock, valued at approximately $7,545,000. Amundi owned about 0.57% of ACM Research as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Triata Capital Ltd increased its stake in shares of ACM Research by 33.5% during the first quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer's stock valued at $32,002,000 after buying an additional 344,158 shares during the period. Invesco Ltd. increased its stake in shares of ACM Research by 18.2% during the first quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock valued at $31,255,000 after buying an additional 206,149 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ACM Research by 1,418.5% during the fourth 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 buying an additional 1,097,358 shares during the period. Federated Hermes Inc. increased its stake in shares of ACM Research by 12,871.6% during the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after buying an additional 1,064,482 shares during the period. Finally, Broad Bay Capital Management LP purchased a new stake in ACM Research in the first quarter worth $21,134,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ACM Research news, insider Jian Wang sold 30,000 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $32.00, for a total value of $960,000.00. Following the sale, the insider directly owned 253,158 shares of the company's stock, valued at approximately $8,101,056. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sotheara Cheav sold 11,152 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $30.00, for a total value of $334,560.00. Following the completion of the sale, the insider directly owned 100,002 shares in the company, valued at $3,000,060. This trade represents a 10.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 246,152 shares of company stock valued at $6,914,160. Company insiders own 25.00% of the company's stock.

ACM Research Price Performance

Shares of ACMR stock opened at $28.06 on Thursday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 17.01 and a beta of 1.43. The business's fifty day moving average is $28.15 and its 200 day moving average is $25.22. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $32.54. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly 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 company had revenue of $215.37 million for the quarter, compared to analysts' expectations of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. Research analysts expect that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

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.

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