Diker Management LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 31,897 shares of the specialty retailer's stock, valued at approximately $744,000. ACM Research comprises about 0.9% of Diker Management LLC's investment portfolio, making the stock its 15th biggest position. Diker Management LLC owned approximately 0.05% of ACM Research as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of ACMR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ACM Research by 1,418.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer's stock valued at $17,738,000 after purchasing an additional 1,097,358 shares in the last quarter. Federated Hermes Inc. lifted its stake in ACM Research by 12,871.6% in the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after buying an additional 1,064,482 shares during the period. Triata Capital Ltd bought a new position in shares of ACM Research during the 4th quarter worth approximately $15,507,000. Broad Bay Capital Management LP acquired a new stake in shares of ACM Research during the 1st quarter worth approximately $21,134,000. Finally, Raiffeisen Bank International AG acquired a new stake in shares of ACM Research during the 4th quarter worth approximately $10,549,000. Institutional investors own 66.75% of the company's stock.
ACM Research Stock Down 0.5%
Shares of NASDAQ ACMR traded down $0.15 during trading on Monday, hitting $29.72. 543,859 shares of the company traded hands, compared to its average volume of 1,433,854. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.99 and a beta of 1.43. The business's fifty day moving average is $28.24 and its 200 day moving average is $25.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $32.54.
ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly 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 return on equity of 9.57% and a net margin of 13.76%.The business had revenue of $215.37 million for the quarter, compared to the consensus estimate of $223.42 million. During the same period in the prior year, the business earned $0.55 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts predict that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $26.76, for a total value of $1,873,200.00. Following the completion of the sale, the insider owned 672,708 shares of the company's stock, valued at approximately $18,001,666.08. This trade represents a 9.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 246,152 shares of company stock worth $6,914,160 over the last quarter. Corporate insiders own 25.00% of the company's stock.
About ACM Research
(
Free Report)
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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