ACM Research, Inc. (NASDAQ:ACMR) Shares Bought by Federated Hermes Inc.

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

Several other large investors have also modified their holdings of the stock. KBC Group NV acquired a new stake in ACM Research during the 1st quarter worth $29,000. Tower Research Capital LLC TRC boosted its stake in ACM Research by 506.0% during the 4th 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 period. Palouse Capital Management Inc. boosted its stake in ACM Research by 76.0% during the 1st 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 period. Blue Trust Inc. acquired a new stake in ACM Research during the 1st quarter worth $123,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in ACM Research by 147.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,301 shares of the specialty retailer's stock worth $130,000 after purchasing an additional 3,160 shares during the period. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Performance

NASDAQ:ACMR traded down $0.88 during trading hours on Friday, reaching $29.48. 1,090,320 shares of the company's stock were exchanged, compared to its average volume of 863,050. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 18.90 and a beta of 1.50. The company has a 50-day moving average of $26.90 and a 200 day moving average of $24.07. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.12. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $32.54.

Insiders Place Their Bets

In other ACM Research news, Director Tracy Liu sold 15,000 shares of the company'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 owned 110,772 shares in the company, valued at approximately $3,323,160. This represents a 11.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David H. Wang sold 70,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the transaction, the insider owned 672,708 shares of the company's stock, valued at approximately $15,875,908.80. The trade was a 9.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,000 shares of company stock worth $4,269,800. 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.