Federated Hermes Inc. Has $25.04 Million Stake in ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• Federated Hermes Inc. significantly increased its stake in ACM Research by 12,871.6% in Q1, holding over 1 million shares valued at approximately $25 million.
• Insiders sold a total of 175,000 shares of ACM Research during the last quarter, reflecting a 25% ownership of the stock by insiders.
• ACM Research's stock experienced a decline of $0.88, trading at $29.48 with a market capitalization of $1.73 billion and a P/E ratio of 18.90.

Federated Hermes Inc. boosted its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 12,871.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,072,752 shares of the specialty retailer's stock after buying an additional 1,064,482 shares during the quarter. Federated Hermes Inc. owned approximately 1.82% of ACM Research worth $25,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kerrisdale Advisers LLC grew its position 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 purchasing an additional 1,648,685 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in ACM Research by 1,418.5% in 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 purchasing an additional 1,097,358 shares during the last quarter. Triata Capital Ltd acquired a new stake in ACM Research in the 4th quarter worth $15,507,000. Raiffeisen Bank International AG acquired a new stake in ACM Research in the 4th quarter worth $10,549,000. Finally, Trexquant Investment LP lifted its holdings in shares of ACM Research by 110.4% during the 4th quarter. Trexquant Investment LP now owns 572,870 shares of the specialty retailer's stock worth $8,650,000 after acquiring an additional 300,622 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Price Performance

Shares of NASDAQ:ACMR traded up $0.66 during midday trading on Monday, reaching $30.14. 216,138 shares of the company's stock were exchanged, compared to its average volume of 1,404,855. The company's 50 day simple moving average is $26.90 and its two-hundred day simple moving average is $24.16. The firm has a market capitalization of $1.77 billion, a PE ratio of 19.32 and a beta of 1.36. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46.

Insider Transactions at ACM Research

In other ACM Research news, insider David H. Wang sold 70,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider owned 672,708 shares in the company, valued at approximately $15,875,908.80. This trade represents a 9.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lisa Feng sold 15,000 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the sale, the insider owned 50,001 shares of the company's stock, valued at $1,400,028. The trade was a 23.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 175,000 shares of company stock valued at $4,269,800. Company 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.