Bryce Point Capital LLC Makes New Investment in ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• Bryce Point Capital LLC acquired a new stake in ACM Research, purchasing 32,616 shares valued at approximately $761,000, representing a 0.06% ownership of the company.
• Insider Lisa Feng sold 15,000 shares for a total of $420,000, resulting in a 23.08% decrease in her ownership, while insider David H. Wang sold 70,000 shares for $1,652,000, which reduced his stake by 9.42%.
• ACM Research's stock is currently trading at $29.93 with a market cap of $1.76 billion and has seen a significant range over the past year, with a low of $13.87 and a high of $30.73.

Bryce Point Capital LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 32,616 shares of the specialty retailer's stock, valued at approximately $761,000. Bryce Point Capital LLC owned 0.06% of ACM Research as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV purchased a new stake in shares of ACM Research in the first quarter valued at $29,000. Tower Research Capital LLC TRC grew its position in shares of ACM Research by 506.0% in the fourth 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. Palouse Capital Management Inc. grew its position in shares of ACM Research by 76.0% in the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after purchasing an additional 2,208 shares during the period. Blue Trust Inc. purchased a new stake in shares of ACM Research in the first quarter valued at $123,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of ACM Research by 147.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,301 shares of the specialty retailer's stock valued at $130,000 after purchasing an additional 3,160 shares during the period. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insider Activity at ACM Research

In related news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total value of $1,652,000.00. Following the transaction, the insider owned 672,708 shares in the company, valued at approximately $15,875,908.80. This trade represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the transaction, 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. Over the last 90 days, insiders have sold 175,000 shares of company stock worth $4,269,800. 25.00% of the stock is owned by insiders.

ACM Research Trading Up 6.8%

Shares of NASDAQ:ACMR traded up $2.05 during midday trading on Monday, reaching $31.98. The company's stock had a trading volume of 1,679,619 shares, compared to its average volume of 787,963. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $32.00. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 20.50 and a beta of 1.50. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $26.27 and a 200 day moving average price of $23.78.

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.