Bayforest Capital Ltd Invests $1.23 Million 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 purchased a new position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,804 shares of the specialty retailer's stock, valued at approximately $1,232,000. ACM Research makes up approximately 0.5% of Bayforest Capital Ltd's portfolio, making the stock its 16th biggest position. Bayforest Capital Ltd owned 0.09% of ACM Research at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cim LLC raised its stake in shares of ACM Research by 2.8% in the fourth quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock worth $259,000 after purchasing an additional 475 shares during the last quarter. Kendall Capital Management raised its stake in shares of ACM Research by 1.4% in the first quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock worth $1,056,000 after purchasing an additional 635 shares during the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of ACM Research by 1.9% in the first quarter. NorthCrest Asset Manangement LLC now owns 34,037 shares of the specialty retailer's stock worth $794,000 after purchasing an additional 647 shares during the last quarter. Illumine Investment Management LLC raised its stake in shares of ACM Research by 3.0% in the first quarter. Illumine Investment Management LLC now owns 31,262 shares of the specialty retailer's stock worth $730,000 after purchasing an additional 923 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in ACM Research by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after acquiring an additional 1,061 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Performance

ACMR stock traded down $0.24 during trading on Friday, hitting $29.86. 1,616,055 shares of the company traded hands, compared to its average volume of 1,472,604. The stock's 50-day simple moving average is $28.24 and its 200 day simple moving average is $25.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. The company has a market cap of $1.77 billion, a PE ratio of 18.10 and a beta of 1.43. 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 quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The company had revenue of $215.37 million during 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%.ACM Research's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. On average, equities analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 60,000 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $26.44, for a total value of $1,586,400.00. Following the sale, the insider directly owned 672,708 shares of the company's stock, valued at approximately $17,786,399.52. This trade represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jian Wang sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $32.00, for a total value of $960,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 246,152 shares of company stock valued at $6,914,160 in the last 90 days. Corporate insiders own 25.00% of the company's stock.

ACM Research 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.