AQR Capital Management LLC Sells 114,431 Shares of ACM Research, Inc. $ACMR

Key Points

• AQR Capital Management LLC has reduced its holdings in ACM Research, Inc. by 31.9%, now owning 243,819 shares valued at approximately $5.69 million as of its latest SEC filing.
• In the first quarter, several hedge funds increased their stakes in ACM Research, with Caitong International Asset Management Co. Ltd boosting its position by 871.5%.
• ACM Research reported earnings of $0.54 per share in its latest quarterly results, surpassing analysts' expectations and reflecting a 6.4% increase in revenue year-over-year.

AQR Capital Management LLC lessened its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 31.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 243,819 shares of the specialty retailer's stock after selling 114,431 shares during the period. AQR Capital Management LLC owned approximately 0.41% of ACM Research worth $5,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV bought a new stake in shares of ACM Research during the 1st quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its stake in ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 1,685 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in ACM Research by 871.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after purchasing an additional 4,192 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in ACM Research in the 1st quarter valued at approximately $114,000. Finally, Palouse Capital Management Inc. increased its position in ACM Research by 76.0% in the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after acquiring an additional 2,208 shares during the period. Institutional investors own 66.75% of the company's stock.

ACM Research Stock Up 6.9%

NASDAQ:ACMR traded up $2.33 during trading hours on Thursday, reaching $36.09. The company had a trading volume of 3,397,184 shares, compared to its average volume of 1,680,724. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 21.87 and a beta of 1.43. The business's 50-day simple moving average is $28.56 and its two-hundred day simple moving average is $25.50. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $36.17.

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

Insider Activity at ACM Research

In other ACM Research news, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the insider owned 50,001 shares of the company's stock, valued at $1,400,028. The trade was a 23.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total transaction of $450,000.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 246,152 shares of company stock valued at $6,914,160 in the last quarter. 25.00% of the stock is currently owned by company insiders.

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.