Diker Management LLC Takes $744,000 Position in ACM Research, Inc. $ACMR

Key Points

• Diker Management LLC acquired a new position in ACM Research, purchasing 31,897 shares valued at approximately $744,000, making it the firm's 15th largest holding.
• ACM Research's stock recently rose by 1.0%, with shares trading at $28.18 and a market cap of $1.67 billion, supported by a PE ratio of 17.06.
• Insider trading activity included notable sales, with insiders selling 246,152 shares worth $6.9 million in the last quarter, indicating a significant decrease in their ownership stakes.

Diker Management LLC bought a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 holdings, making the stock its 15th largest position. Diker Management LLC owned about 0.05% of ACM Research at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ACMR. KBC Group NV purchased a new position in shares of ACM Research during the first quarter valued at approximately $29,000. Tower Research Capital LLC TRC boosted its position in 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 worth $30,000 after purchasing an additional 1,685 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in ACM Research by 871.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock worth $109,000 after purchasing an additional 4,192 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in ACM Research in the first quarter worth $114,000. Finally, Palouse Capital Management Inc. boosted its position in ACM Research by 76.0% in 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 during the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insider Activity

In other news, insider David H. Wang sold 70,000 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $26.76, for a total transaction of $1,873,200.00. Following the transaction, the insider owned 672,708 shares of the company's stock, valued at $18,001,666.08. This represents a 9.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sotheara Cheav sold 11,152 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $30.00, for a total value of $334,560.00. Following the transaction, the insider directly owned 100,002 shares in the company, valued at $3,000,060. This represents a 10.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 246,152 shares of company stock worth $6,914,160. 25.00% of the stock is owned by company insiders.

ACM Research Stock Performance

ACMR stock traded down $0.24 during midday trading on Friday, hitting $29.86. The company's stock had a trading volume of 1,616,055 shares, compared to its average volume of 1,472,604. The stock's 50-day moving average price is $28.24 and its 200 day moving average price is $25.31. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $32.54. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 18.10 and a beta of 1.43.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $223.42 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current year.

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.