FCG Investment Co Purchases 15,518 Shares of ACM Research, Inc. $ACMR

Key Points

• FCG Investment Co increased its stake in ACM Research, Inc. by 78.4%, owning a total of 35,300 shares valued at approximately $824,000.
• Insider David H. Wang sold 70,000 shares for $1,652,000, reducing his ownership by 9.42% and leaving him with approximately 672,708 shares.
• ACM Research reported a $0.54 EPS for the last quarter, exceeding estimates, but with revenue of $215.37 million coming in below analyst expectations of $223.42 million.

FCG Investment Co boosted its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 78.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,300 shares of the specialty retailer's stock after purchasing an additional 15,518 shares during the quarter. FCG Investment Co owned about 0.06% of ACM Research worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kerrisdale Advisers LLC raised its holdings in ACM Research by 550.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock worth $29,415,000 after purchasing an additional 1,648,685 shares during the last quarter. Invesco Ltd. grew its position in shares of ACM Research by 18.2% during the 1st quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock worth $31,255,000 after buying an additional 206,149 shares during the period. Geode Capital Management LLC grew its position in shares of ACM Research by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer's stock worth $17,896,000 after buying an additional 4,131 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 worth $17,738,000 after buying an additional 1,097,358 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of ACM Research by 12,871.6% during the 1st 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 period. 66.75% of the stock is owned by institutional investors.

ACM Research Trading Up 20.1%

Shares of ACM Research stock traded up $5.1550 during trading on Friday, hitting $30.7650. 4,525,964 shares of the company were exchanged, compared to its average volume of 1,430,089. The firm has a market capitalization of $1.82 billion, a P/E ratio of 18.63 and a beta of 1.36. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $32.54. The firm's fifty day moving average price is $27.42 and its 200 day moving average price is $24.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49.

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 (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. The company had revenue of $215.37 million during the quarter, compared to analyst estimates of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. As a group, sell-side analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity at ACM Research

In related news, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 110,772 shares in the company, valued at approximately $3,323,160. The trade was a 11.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 50,001 shares of the company's stock, valued at $1,400,028. This represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock valued at $1,260,000 over the last quarter. 25.00% of the stock is owned by insiders.

About ACM Research

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.