Fox Run Management L.L.C. Takes $322,000 Position in ACM Research, Inc. $ACMR

Key Points

• Fox Run Management L.L.C. has acquired a new stake in ACM Research, Inc., purchasing 13,811 shares valued at approximately $322,000 in the first quarter.
• A significant number of other institutional investors, including E Fund Management and Russell Investments Group, have also increased their holdings in ACM Research, leading to 66.75% of the company being owned by such investors.
• ACM Research reported earnings of $0.54 per share, exceeding analyst estimates, while its revenue of $215.37 million for the quarter fell short of expectations.

Fox Run Management L.L.C. purchased a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,811 shares of the specialty retailer's stock, valued at approximately $322,000.

A number of other large investors also recently bought and sold shares of ACMR. Cim LLC grew its stake in shares of ACM Research by 2.8% during the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock worth $259,000 after purchasing an additional 475 shares during the period. Kendall Capital Management boosted its holdings in ACM Research by 1.4% during the first quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock worth $1,056,000 after buying an additional 635 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in ACM Research by 1.9% during the first quarter. NorthCrest Asset Manangement LLC now owns 34,037 shares of the specialty retailer's stock valued at $794,000 after buying an additional 647 shares during the period. Illumine Investment Management LLC grew its position in ACM Research by 3.0% during the first quarter. Illumine Investment Management LLC now owns 31,262 shares of the specialty retailer's stock valued at $730,000 after buying an additional 923 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ACM Research by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after buying an additional 1,061 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ACM Research

In other ACM Research news, Director Tracy Liu sold 15,000 shares of the 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 transaction, the director directly owned 110,772 shares of the company's stock, valued at $3,323,160. This trade represents a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the sale, the insider directly owned 50,001 shares of the company's stock, valued at $1,400,028. This represents a 23.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,000 shares of company stock valued at $1,260,000. Corporate insiders own 25.00% of the company's stock.

ACM Research Price Performance

Shares of ACMR stock traded down $1.73 during mid-day trading on Monday, hitting $28.80. 2,497,693 shares of the stock were exchanged, compared to its average volume of 1,554,148. The firm has a fifty day moving average of $27.61 and a 200 day moving average of $24.92. 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 52-week low of $13.87 and a 52-week high of $32.54. The company has a market cap of $1.70 billion, a PE ratio of 17.45 and a beta of 1.36.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm 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%.ACM Research's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. Research analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current year.

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.