Invesco Ltd. Purchases 206,149 Shares of ACM Research, Inc. $ACMR

Key Points

• Invesco Ltd. increased its stake in ACM Research, purchasing an additional 206,149 shares, bringing its total ownership to 1,339,102 shares, valued at approximately $31.3 million.
• ACM Research reported a quarterly earnings per share (EPS) of $0.54, exceeding analyst estimates of $0.42, with a year-over-year revenue growth of 6.4% to $215.37 million.
• Following stock sales by insiders, 25% of ACM Research's shares are currently owned by insiders, with significant recent transactions including a director selling 15,000 shares for $450,000.

Invesco Ltd. lifted its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 18.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,339,102 shares of the specialty retailer's stock after buying an additional 206,149 shares during the period. Invesco Ltd. owned about 2.28% of ACM Research worth $31,255,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Pinpoint Asset Management Ltd increased its position in shares of ACM Research by 14.4% in the 1st quarter. Pinpoint Asset Management Ltd now owns 122,428 shares of the specialty retailer's stock valued at $2,857,000 after buying an additional 15,382 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of ACM Research in the 1st quarter valued at $1,141,000. Harvest Fund Management Co. Ltd bought a new stake in shares of ACM Research in the 1st quarter valued at $114,000. Federated Hermes Inc. increased its position in shares of ACM Research by 12,871.6% in the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after buying an additional 1,064,482 shares in the last quarter. Finally, Picton Mahoney Asset Management increased its position in shares of ACM Research by 297.4% in the 1st quarter. Picton Mahoney Asset Management now owns 12,334 shares of the specialty retailer's stock valued at $288,000 after buying an additional 9,230 shares in the last quarter. Institutional investors own 66.75% of the company's stock.

ACM Research Trading Down 5.7%

Shares of ACMR traded down $1.73 during trading hours on Monday, reaching $28.80. The stock had a trading volume of 2,497,693 shares, compared to its average volume of 1,554,148. 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 firm has a 50-day moving average of $27.61 and a 200 day moving average of $24.92. The company has a market cap of $1.70 billion, a P/E ratio of 17.45 and a beta of 1.36.

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

Insiders Place Their Bets

In related news, insider Lisa Feng sold 15,000 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the insider directly owned 50,001 shares of the company's stock, valued at approximately $1,400,028. This represents a 23.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tracy Liu sold 15,000 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total transaction of $450,000.00. Following the completion of the transaction, the director directly 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. Over the last ninety days, insiders sold 45,000 shares of company stock valued at $1,260,000. 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.