Kendall Capital Management Purchases 8,815 Shares of ACM Research, Inc. $ACMR

Key Points

• Kendall Capital Management has increased its stake in ACM Research, Inc. by 19.5% in the second quarter, acquiring an additional 8,815 shares, and now holds a total of 54,055 shares valued at approximately $1.4 million.
• ACM Research reported a quarterly earnings per share (EPS) of $0.54, exceeding analyst estimates of $0.42, and noted a revenue increase of 6.4% year-over-year to $215.37 million.
• A total of 286,152 shares of ACM Research stock were sold by insiders in the last three months, representing a significant decrease in their ownership stakes.

Kendall Capital Management increased its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 19.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,055 shares of the specialty retailer's stock after buying an additional 8,815 shares during the period. Kendall Capital Management owned 0.09% of ACM Research worth $1,400,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ACMR. FCG Investment Co raised its position in shares of ACM Research by 1.6% in the 2nd quarter. FCG Investment Co now owns 35,877 shares of the specialty retailer's stock worth $929,000 after acquiring an additional 577 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in ACM Research by 1.9% in the first quarter. NorthCrest Asset Manangement LLC now owns 34,037 shares of the specialty retailer's stock worth $794,000 after purchasing an additional 647 shares in the last quarter. Illumine Investment Management LLC increased its holdings in ACM Research by 3.0% in the first quarter. Illumine Investment Management LLC now owns 31,262 shares of the specialty retailer's stock worth $730,000 after purchasing an additional 923 shares in the last quarter. 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 worth $438,000 after purchasing an additional 1,061 shares in the last quarter. Finally, KBC Group NV bought a new stake in ACM Research in the first quarter worth approximately $29,000. Institutional investors own 66.75% of the company's stock.

ACM Research Stock Performance

NASDAQ:ACMR opened at $37.77 on Friday. The company has a fifty day moving average of $29.54 and a 200-day moving average of $25.96. The firm has a market capitalization of $2.23 billion, a P/E ratio of 22.89 and a beta of 1.43. 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 twelve month low of $13.87 and a twelve month high of $40.10.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly earnings data 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. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The company had revenue of $215.37 million during the quarter, compared to analyst estimates of $223.42 million. During the same quarter in the previous year, the business posted $0.55 EPS. ACM Research's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that ACM Research, Inc. will post 1.17 EPS for the current year.

Insiders Place Their Bets

In other news, insider David H. Wang sold 60,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $26.44, for a total transaction of $1,586,400.00. Following the completion of the sale, the insider owned 672,708 shares in the company, valued at $17,786,399.52. The trade was a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sotheara Cheav sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $35.00, for a total value of $350,000.00. Following the sale, the insider owned 100,002 shares of the company's stock, valued at approximately $3,500,070. This represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 286,152 shares of company stock worth $8,419,160 over the last three months. 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.

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