Militia Capital Partners LP Makes New Investment in ACM Research, Inc. $ACMR

Key Points

• Militia Capital Partners LP acquired a new stake in ACM Research, purchasing 21,689 shares valued at approximately $506,000 during the first quarter of this year.
• Insider transactions include sales by Jian Wang and David H. Wang, collectively offloading 100,000 shares for over $2.8 million, indicating a decrease in their ownership stakes.
• ACM Research reported a quarterly earnings per share (EPS) of $0.54, surpassing estimates and marking a 6.4% increase in revenue year-over-year, despite a slight revenue miss against analyst expectations.

Militia Capital Partners LP acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,689 shares of the specialty retailer's stock, valued at approximately $506,000.

Several other large investors have also recently added to or reduced their stakes in the business. Triata Capital Ltd increased its holdings in ACM Research by 33.5% during the 1st quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer's stock worth $32,002,000 after purchasing an additional 344,158 shares during the period. Invesco Ltd. lifted its position in shares of ACM Research by 18.2% during the 1st quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock worth $31,255,000 after purchasing an additional 206,149 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in ACM Research by 1,418.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer's stock valued at $17,738,000 after buying an additional 1,097,358 shares during the last quarter. Federated Hermes Inc. raised its stake in ACM Research by 12,871.6% in the first 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, Broad Bay Capital Management LP purchased a new stake in ACM Research during the 1st quarter worth about $21,134,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Sotheara Cheav sold 11,152 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $30.00, for a total transaction of $334,560.00. Following the transaction, the insider owned 100,002 shares in the company, valued at $3,000,060. This trade represents a 10.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the transaction, the director owned 110,772 shares in the company, valued at $3,323,160. This represents a 11.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 246,152 shares of company stock worth $6,914,160 over the last ninety days. 25.00% of the stock is owned by corporate insiders.

ACM Research Stock Up 5.0%

Shares of ACMR traded up $1.53 during mid-day trading on Wednesday, reaching $32.47. The company's stock had a trading volume of 2,022,781 shares, compared to its average volume of 1,439,672. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $33.47. The stock has a market cap of $1.92 billion, a PE ratio of 19.71 and a beta of 1.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. The company's 50 day moving average is $28.32 and its 200 day moving average is $25.36.

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. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The business had revenue of $215.37 million for the quarter, compared to the consensus estimate of $223.42 million. During the same quarter in the prior year, the business posted $0.55 EPS. The business's revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts anticipate 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.