Baird Financial Group Inc. Acquires New Position in ACM Research, Inc. $ACMR

Key Points

• Baird Financial Group Inc. made a new investment of approximately $723,000 in ACM Research, purchasing 30,958 shares during the first quarter.
• A significant portion of ACM Research's stock, 66.75%, is held by institutional investors, indicating strong institutional interest in the company.
• Insider sales included a transaction where David H. Wang sold 60,000 shares for about $1.59 million, reducing his ownership by 8.19%.

Baird Financial Group Inc. bought a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 30,958 shares of the specialty retailer's stock, valued at approximately $723,000. Baird Financial Group Inc. owned about 0.05% of ACM Research as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of ACMR. KBC Group NV acquired a new stake in ACM Research during the first quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its position in ACM Research by 506.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 1,685 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in ACM Research by 871.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock worth $109,000 after acquiring an additional 4,192 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in ACM Research during the first quarter worth approximately $114,000. Finally, Palouse Capital Management Inc. lifted its position in ACM Research by 76.0% during the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after acquiring an additional 2,208 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ACM Research

In other news, insider David H. Wang sold 70,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $26.76, for a total transaction of $1,873,200.00. Following the transaction, the insider directly owned 672,708 shares of the company's stock, valued at approximately $18,001,666.08. This trade represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sotheara Cheav sold 11,152 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $30.00, for a total transaction of $334,560.00. Following the transaction, the insider directly owned 100,002 shares in the company, valued at $3,000,060. This represents a 10.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 246,152 shares of company stock valued at $6,914,160. 25.00% of the stock is currently owned by company insiders.

ACM Research Stock Performance

ACMR stock traded down $0.03 during mid-day trading on Monday, hitting $29.83. 943,654 shares of the company were exchanged, compared to its average volume of 1,485,337. The business has a 50 day simple moving average of $28.28 and a 200-day simple moving average of $25.32. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.76 billion, a PE ratio of 18.08 and a beta of 1.44. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $32.54.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS 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 company had revenue of $215.37 million for the quarter, compared to analysts' expectations of $223.42 million. During the same period last year, the firm earned $0.55 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

About ACM Research

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.