13,811 Shares in ACM Research, Inc. $ACMR Bought by Fox Run Management L.L.C.

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) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,811 shares of the specialty retailer's stock, valued at approximately $322,000.

Several other large investors have also recently modified their holdings of the business. KBC Group NV acquired a new position in shares of ACM Research in the 1st quarter worth approximately $29,000. Tower Research Capital LLC TRC raised its position in shares of ACM Research by 506.0% during the fourth 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. Caitong International Asset Management Co. Ltd raised its holdings in ACM Research by 871.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock worth $109,000 after buying an additional 4,192 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in ACM Research during the 1st quarter valued at about $114,000. Finally, Palouse Capital Management Inc. grew its holdings in ACM Research by 76.0% during the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after buying an additional 2,208 shares in the last quarter. Institutional investors own 66.75% of the company's stock.

Insider Activity

In other news, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the transaction, the director owned 110,772 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction that occurred on 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 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. In the last three months, insiders sold 45,000 shares of company stock valued at $1,260,000. 25.00% of the stock is currently owned by insiders.

ACM Research Stock Down 1.3%

Shares of NASDAQ ACMR traded down $0.3970 during trading on Monday, hitting $30.1330. The stock had a trading volume of 1,009,418 shares, compared to its average volume of 1,435,134. The firm has a fifty day moving average of $27.54 and a two-hundred day moving average of $24.88. The company has a market capitalization of $1.78 billion, a PE ratio of 18.31 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. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54.

ACM Research (NASDAQ:ACMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. The business had revenue of $215.37 million for 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

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.