Ieq Capital LLC Acquires 17,911 Shares of ACM Research, Inc. $ACMR

Key Points

• Ieq Capital LLC increased its holdings in ACM Research, Inc. by 166.7% in Q1, acquiring an additional 17,911 shares to own a total of 28,658 shares valued at approximately $669,000.
• ACM Research reported a Q2 earnings per share of $0.54, exceeding analysts' estimates of $0.42, even though its revenue fell short of expectations at $215.37 million.
• Insider transactions showed significant activity, with a director selling 15,000 shares and another insider selling 11,152 shares, indicating a 10%+ decrease in their shareholdings.

Ieq Capital LLC grew its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 166.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,658 shares of the specialty retailer's stock after acquiring an additional 17,911 shares during the quarter. Ieq Capital LLC's holdings in ACM Research were worth $669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ACMR. KBC Group NV acquired a new position in ACM Research during the 1st quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its holdings 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 valued at $30,000 after purchasing an additional 1,685 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in ACM Research by 871.5% during the 1st 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 period. Harvest Fund Management Co. Ltd bought a new position in ACM Research during the 1st quarter worth $114,000. Finally, Palouse Capital Management Inc. increased its position in shares of ACM Research by 76.0% in the first 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. 66.75% of the stock is owned by institutional investors.

ACM Research Price Performance

ACM Research stock traded up $0.43 during midday trading on Friday, reaching $27.41. The company's stock had a trading volume of 1,350,608 shares, compared to its average volume of 1,459,393. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $32.54. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $28.09 and a 200-day moving average price of $25.19. The stock has a market cap of $1.62 billion, a PE ratio of 17.35 and a beta of 1.43.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The firm had revenue of $215.37 million for the quarter, compared to analysts' expectations of $223.42 million. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling

In other ACM Research news, insider Sotheara Cheav sold 11,152 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $30.00, for a total transaction of $334,560.00. Following the completion of the sale, the insider directly owned 100,002 shares in the company, valued at approximately $3,000,060. This trade represents a 10.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tracy Liu sold 15,000 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the sale, the director owned 110,772 shares of the company's stock, valued at approximately $3,323,160. The trade was a 11.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 246,152 shares of company stock worth $6,914,160. Corporate insiders own 25.00% of the company's stock.

ACM Research Company 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.