E Fund Management Co. Ltd. Invests $812,000 in ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• E Fund Management Co. Ltd. invested approximately $812,000 in ACM Research, purchasing 34,800 shares, which represents about 0.06% of the company.
• Institutional investors collectively own 66.75% of ACM Research's stock, indicating significant interest from large financial entities.
• ACM Research reported earnings of $0.54 per share, exceeding the expected $0.42, but their revenue of $215.37 million was below analysts' forecasts of $223.42 million.

E Fund Management Co. Ltd. acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,800 shares of the specialty retailer's stock, valued at approximately $812,000. E Fund Management Co. Ltd. owned about 0.06% of ACM Research at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ACMR. Kerrisdale Advisers LLC boosted its holdings 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 worth $29,415,000 after buying an additional 1,648,685 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of ACM Research by 1,418.5% during the fourth 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 worth $17,738,000 after purchasing an additional 1,097,358 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of ACM Research by 12,871.6% during the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock worth $25,038,000 after buying an additional 1,064,482 shares during the last quarter. Triata Capital Ltd acquired a new stake in ACM Research in the fourth quarter valued at about $15,507,000. Finally, Raiffeisen Bank International AG purchased 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 Trading Down 1.8%

ACMR traded down $0.46 during trading on Friday, hitting $25.02. The company's stock had a trading volume of 1,361,058 shares, compared to its average volume of 1,286,849. The stock has a market cap of $1.48 billion, a PE ratio of 15.16 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. The firm's 50 day moving average price is $27.44 and its 200-day moving average price is $24.67. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $32.54.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) 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 analysts' expectations of $223.42 million. During the same quarter last year, the company posted $0.55 earnings per share. ACM Research's revenue was up 6.4% on a year-over-year basis. On average, analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Insiders Place Their Bets

In other ACM Research news, insider David H. Wang sold 70,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $23.60, for a total value of $1,652,000.00. Following the sale, the insider directly owned 672,708 shares in the company, valued at approximately $15,875,908.80. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $450,000.00. Following the sale, the director directly owned 110,772 shares of the company's stock, valued at $3,323,160. This represents a 11.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock valued at $4,269,800 in the last quarter. 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.