Northern Trust Corp Trims Stock Holdings in ACM Research, Inc. $ACMR

Key Points

• Northern Trust Corp decreased its stake in ACM Research by 4.1%, selling 21,917 shares and now holds 512,326 shares valued at approximately $11.96 million.
• ACM Research reported a quarterly EPS of $0.54, surpassing estimates, with a net revenue of $215.37 million, though slightly below analyst expectations.
• Insiders sold a total of 116,152 shares over the last quarter, indicating a potential decrease in their holdings in the company.

Northern Trust Corp reduced its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 512,326 shares of the specialty retailer's stock after selling 21,917 shares during the quarter. Northern Trust Corp owned about 0.87% of ACM Research worth $11,958,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACMR. KBC Group NV bought a new stake in shares of ACM Research in the 1st quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its position in shares of ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after buying an additional 1,685 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in ACM Research by 871.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock worth $109,000 after purchasing an additional 4,192 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in ACM Research in the first quarter worth $114,000. Finally, Palouse Capital Management Inc. increased its position in 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 buying an additional 2,208 shares in the last quarter. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Up 0.5%

ACM Research stock traded up $0.15 during mid-day trading on Wednesday, hitting $28.06. The company had a trading volume of 790,780 shares, compared to its average volume of 1,467,868. 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 stock's 50 day moving average price is $28.15 and its two-hundred day moving average price is $25.22. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. The company has a market capitalization of $1.66 billion, a PE ratio of 17.01 and a beta of 1.43.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly 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. The firm had revenue of $215.37 million for the quarter, compared to the consensus estimate of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. As a group, sell-side analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity at ACM Research

In related news, insider Lisa Feng sold 15,000 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the sale, the insider owned 50,001 shares in the company, valued at approximately $1,400,028. This represents a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tracy Liu sold 15,000 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were 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. This trade represents a 11.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 246,152 shares of company stock valued at $6,914,160 in the last 90 days. 25.00% of the stock is owned by company insiders.

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.