ACM Research, Inc. $ACMR Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in ACM Research by 11.2%, selling 31,770 shares, and now holds 251,145 shares valued at approximately $5.86 million.
• Institutional investors control 66.75% of ACM Research's stock, with several firms like Kerrisdale Advisers LLC and Federated Hermes Inc. significantly increasing their holdings recently.
• ACM Research reported a quarterly EPS of $0.54, exceeding analysts' expectations, although revenue fell short of forecasts, coming in at $215.37 million for the period.

Deutsche Bank AG trimmed its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,145 shares of the specialty retailer's stock after selling 31,770 shares during the period. Deutsche Bank AG owned approximately 0.43% of ACM Research worth $5,862,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ACMR. KBC Group NV acquired a new position in ACM Research during the first quarter worth $29,000. Tower Research Capital LLC TRC lifted its stake in ACM Research by 506.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 1,685 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in ACM Research during the first quarter worth $114,000. Palouse Capital Management Inc. lifted its stake in ACM Research by 76.0% during the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after purchasing an additional 2,208 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in ACM Research during the first quarter worth $123,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Trading Up 1.8%

NASDAQ:ACMR traded up $0.45 during trading hours on Thursday, reaching $25.61. 1,187,925 shares of the stock were exchanged, compared to its average volume of 1,268,243. 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 business has a 50-day moving average of $27.42 and a two-hundred day moving average of $24.77. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $32.54. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 15.52 and a beta of 1.36.

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

Insider Buying and Selling at ACM Research

In other news, Director Tracy Liu sold 15,000 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the sale, the director directly owned 110,772 shares in the company, valued at approximately $3,323,160. This trade represents a 11.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Feng sold 15,000 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the insider owned 50,001 shares in the company, valued at approximately $1,400,028. The trade was a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,000 shares of company stock worth $1,260,000. 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.