AQR Capital Management LLC Has $5.69 Million Holdings in 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 cut 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 disclosure with the SEC. The institutional investor owned 243,819 shares of the specialty retailer's stock after selling 114,431 shares during the quarter. AQR Capital Management LLC owned 0.41% of ACM Research worth $5,691,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ACMR. KBC Group NV bought a new position in ACM Research during the 1st quarter worth $29,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 period. Caitong International Asset Management Co. Ltd increased its position 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 buying an additional 4,192 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in ACM Research during the 1st quarter worth approximately $114,000. Finally, Palouse Capital Management Inc. boosted its stake in shares of ACM Research by 76.0% in the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after buying an additional 2,208 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Price Performance

ACM Research stock opened at $29.86 on Friday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 18.10 and a beta of 1.43. The business's 50 day simple moving average is $28.24 and its 200 day simple moving average is $25.31. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14.

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, topping the consensus estimate of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm had revenue of $215.37 million for the quarter, compared to analysts' expectations of $223.42 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business's quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current year.

Insiders Place Their Bets

In other ACM Research news, insider Lisa Feng sold 15,000 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 50,001 shares in the company, valued at $1,400,028. This trade represents a 23.08% decrease in their ownership of the stock. The sale was disclosed in a 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 that occurred on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the sale, the director owned 110,772 shares in the company, valued at $3,323,160. The trade was a 11.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 246,152 shares of company stock valued at $6,914,160 over the last ninety days. 25.00% of the stock is owned by corporate 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.

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