Cerity Partners LLC Purchases Shares of 23,351 ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• Cerity Partners LLC acquired a new stake in ACM Research, purchasing 23,351 shares valued at approximately $545,000 in the first quarter of the year.
• Institutional investors and hedge funds now own 66.75% of ACM Research's stock, highlighting significant interest in the company.
• Insiders have recently sold a total of 175,000 shares of ACM Research stock, valued at about $4.27 million, with 25.00% of the stock owned by insiders following these transactions.

Cerity Partners LLC bought a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 23,351 shares of the specialty retailer's stock, valued at approximately $545,000.

Several other institutional investors have also recently added to or reduced their stakes in ACMR. Vanguard Group Inc. grew its position in ACM Research by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer's stock valued at $63,441,000 after buying an additional 67,255 shares in the last quarter. Kerrisdale Advisers LLC grew its position in ACM Research by 550.8% in the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock valued at $29,415,000 after buying an additional 1,648,685 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in ACM Research by 2,258.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock valued at $22,171,000 after buying an additional 1,406,968 shares in the last quarter. Pertento Partners LLP boosted its position in shares of ACM Research by 22.3% during the 4th quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer's stock valued at $17,894,000 after purchasing an additional 215,744 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of ACM Research by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer's stock valued at $17,896,000 after purchasing an additional 4,131 shares in the last quarter. Institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

Shares of NASDAQ:ACMR traded up $0.13 during trading hours on Friday, hitting $29.93. 725,742 shares of the company's stock traded hands, compared to its average volume of 827,007. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $30.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46. The company's fifty day simple moving average is $26.10 and its two-hundred day simple moving average is $23.55. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 19.19 and a beta of 1.50.

Insider Activity

In other ACM Research news, Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction dated 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 directly owned 110,772 shares in the company, valued at $3,323,160. This trade represents a 11.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David H. Wang sold 70,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the completion of the sale, the insider directly owned 672,708 shares of the company's stock, valued at $15,875,908.80. This trade represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,000 shares of company stock worth $4,269,800. Corporate insiders own 25.00% of the company's stock.

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.