Janney Montgomery Scott LLC trimmed its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 62.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,390 shares of the specialty retailer's stock after selling 44,265 shares during the quarter. Janney Montgomery Scott LLC's holdings in ACM Research were worth $616,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of 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 in the last quarter. Picton Mahoney Asset Management increased its holdings in shares of ACM Research by 66.2% during the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 1,236 shares in the last quarter. Palouse Capital Management Inc. increased its holdings in shares of ACM Research by 76.0% during the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after purchasing an additional 2,208 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of ACM Research by 42.0% during the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 2,447 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of ACM Research during the 1st quarter valued at approximately $201,000. 66.75% of the stock is owned by hedge funds and other institutional investors.
ACM Research Stock Performance
Shares of NASDAQ:ACMR traded up $0.14 during trading on Friday, hitting $27.69. 366,844 shares of the stock traded hands, compared to its average volume of 1,454,862. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 17.75 and a beta of 1.50. The company has a fifty day moving average price of $23.75 and a two-hundred day moving average price of $22.14. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $30.64.
Insider Activity at ACM Research
In related news, insider David H. Wang sold 70,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $23.60, for a total value of $1,652,000.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $26.00, for a total transaction of $390,000.00. Following the completion of the sale, the insider directly owned 50,001 shares of the company's stock, valued at approximately $1,300,026. The trade was a 23.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,000 shares of company stock valued at $3,399,800. Insiders own 25.00% of the company's stock.
ACM Research Profile
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Free Report)
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.
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