Congress Asset Management Co. Takes $5.11 Million Position in ACM Research, Inc. $ACMR

Key Points

• Congress Asset Management Co. acquired a new stake in ACM Research, Inc. valued at approximately $5.11 million, owning 0.34% of the company as of the most recent SEC filing.
• ACM Research reported earnings of $0.54 per share for the latest quarter, exceeding analyst expectations of $0.42, along with revenue of $215.37 million, representing a year-over-year growth of 6.4%.
• Insider transactions saw significant activity, with Director Tracy Liu selling 15,000 shares for $495,000 and another insider, David H. Wang, selling 60,000 shares for approximately $1.59 million.

Congress Asset Management Co. acquired a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 197,176 shares of the specialty retailer's stock, valued at approximately $5,107,000. Congress Asset Management Co. owned 0.34% of ACM Research at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. KBC Group NV bought a new stake in ACM Research in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd increased its holdings in ACM Research by 871.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after acquiring an additional 4,192 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in ACM Research in the 1st quarter valued at $114,000. Palouse Capital Management Inc. increased its holdings in ACM Research by 76.0% in the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after acquiring an additional 2,208 shares during the last quarter. Finally, Blue Trust Inc. bought a new stake in ACM Research in the 1st quarter valued at $123,000. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $37.77 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The company has a market cap of $2.23 billion, a P/E ratio of 22.89 and a beta of 1.43. The firm's fifty day moving average is $29.54 and its two-hundred day moving average is $25.95. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $40.10.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm had revenue of $215.37 million for the quarter, compared to the consensus estimate of $223.42 million. During the same period in the previous year, the firm posted $0.55 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts anticipate that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Transactions at ACM Research

In other news, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $33.00, for a total value of $495,000.00. Following the sale, the director directly owned 110,772 shares in the company, valued at $3,655,476. The trade was a 11.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David H. Wang sold 60,000 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $26.44, for a total transaction of $1,586,400.00. Following the completion of the sale, the insider owned 672,708 shares in the company, valued at approximately $17,786,399.52. This trade represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 286,152 shares of company stock worth $8,419,160. 25.00% of the stock is currently owned by corporate insiders.

ACM Research Company 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.

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