Nuveen LLC Purchases New Shares in ACM Research, Inc. $ACMR

Key Points

• Nuveen LLC acquired 137,182 shares of ACM Research, Inc., valued at approximately $3,202,000, representing about 0.23% of the company's total shares.
• Insider Jian Wang sold 30,000 shares, leading to a 10.59% decrease in their position, while another insider, Sotheara Cheav, sold 11,152 shares, decreasing their position by 10.03%.
• ACM Research reported earnings per share of $0.54, beating analysts' estimates, with a year-over-year revenue increase of 6.4%, totaling $215.37 million.

Nuveen LLC purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 137,182 shares of the specialty retailer's stock, valued at approximately $3,202,000. Nuveen LLC owned approximately 0.23% of ACM Research as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Man Group plc bought a new stake in shares of ACM Research during the fourth quarter valued at approximately $370,000. Pinpoint Asset Management Ltd increased its stake in ACM Research by 14.4% in the first quarter. Pinpoint Asset Management Ltd now owns 122,428 shares of the specialty retailer's stock valued at $2,857,000 after acquiring an additional 15,382 shares during the period. Raymond James Financial Inc. bought a new stake in shares of ACM Research in the 4th quarter valued at approximately $1,294,000. GAMMA Investing LLC grew its stake in shares of ACM Research by 4,309.2% in the 1st quarter. GAMMA Investing LLC now owns 19,092 shares of the specialty retailer's stock valued at $446,000 after purchasing an additional 18,659 shares during the period. Finally, Bryce Point Capital LLC bought a new stake in shares of ACM Research in the 1st quarter valued at approximately $761,000. 66.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jian Wang sold 30,000 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.00, for a total value of $960,000.00. Following the sale, the insider directly owned 253,158 shares in the company, valued at approximately $8,101,056. This represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lisa Feng sold 15,000 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the insider owned 50,001 shares in the company, valued at approximately $1,400,028. This trade represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,152 shares of company stock valued at $3,454,560. 25.00% of the stock is currently owned by company insiders.

ACM Research Price Performance

Shares of ACMR stock traded down $0.55 during trading hours on Tuesday, hitting $27.67. The company had a trading volume of 607,954 shares, compared to its average volume of 1,438,727. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 16.82 and a beta of 1.44. The firm's fifty day moving average is $28.00 and its 200 day moving average is $25.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45.

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 return on equity of 9.57% and a net margin of 13.76%.The company had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. During the same period in the prior year, the company posted $0.55 EPS. The company's revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts predict that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

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.