Bayforest Capital Ltd Makes New Investment in ACM Research, Inc. $ACMR

Key Points

• Bayforest Capital Ltd has acquired a new stake in ACM Research, purchasing 52,804 shares valued at approximately $1,232,000, which accounts for 0.5% of the fund's holdings.
• ACM Research's stock has seen significant investment increases from several institutions, including a 1,418.5% increase in stake by UBS Asset Management during the 4th quarter.
• The company reported earnings per share (EPS) of $0.54 for the last quarter, exceeding estimates, despite revenue of $215.37 million falling short of expectations of $223.42 million.

Bayforest Capital Ltd acquired a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 52,804 shares of the specialty retailer's stock, valued at approximately $1,232,000. ACM Research accounts for 0.5% of Bayforest Capital Ltd's portfolio, making the stock its 16th biggest position. Bayforest Capital Ltd owned about 0.09% of ACM Research at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Caxton Associates LLP acquired a new position in ACM Research in the first quarter worth approximately $250,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ACM Research by 10.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer's stock worth $748,000 after buying an additional 3,065 shares during the last quarter. Amundi acquired a new position in ACM Research in the first quarter worth approximately $7,545,000. PDT Partners LLC grew its position in ACM Research by 12.6% in the first quarter. PDT Partners LLC now owns 121,602 shares of the specialty retailer's stock worth $2,838,000 after buying an additional 13,572 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in ACM Research in the first quarter worth approximately $723,000. Institutional investors and hedge funds own 66.75% of the company's stock.

Insider Transactions at ACM Research

In other ACM Research news, insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $32.00, for a total transaction of $960,000.00. Following the transaction, the insider directly owned 253,158 shares in the company, valued at approximately $8,101,056. The trade was a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sotheara Cheav sold 11,152 shares of ACM Research 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 owned 100,002 shares in the company, valued at approximately $3,000,060. The trade was a 10.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 246,152 shares of company stock valued at $6,914,160 in the last 90 days. 25.00% of the stock is owned by corporate insiders.

ACM Research Price Performance

ACM Research stock traded down $0.24 during mid-day trading on Friday, hitting $29.86. The company's stock had a trading volume of 1,616,055 shares, compared to its average volume of 1,472,604. 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 stock has a market capitalization of $1.77 billion, a P/E ratio of 18.10 and a beta of 1.43. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $32.54. The stock's fifty day moving average price is $28.24 and its two-hundred day moving average price is $25.30.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. The firm had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. Research 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.