Pallas Capital Advisors LLC Invests $249,000 in ACM Research, Inc. $ACMR

Key Points

• Pallas Capital Advisors LLC invested approximately $249,000 to acquire 9,608 shares of ACM Research, Inc., reflecting growing institutional interest in the company.
• ACM Research's latest earnings report showed an EPS of $0.54, exceeding estimates, alongside a revenue of $215.37 million which was lower than the expected $223.42 million.
• Insider sales totaled 286,152 shares valued at $8,419,160 in the last quarter, indicating potential profit-taking by company executives despite significant institutional ownership of 66.75%.

Pallas Capital Advisors LLC purchased a new position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,608 shares of the specialty retailer's stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 acquiring an additional 1,061 shares in the last quarter. Man Group plc bought a new stake in shares of ACM Research during the fourth quarter worth about $370,000. ProShare Advisors LLC increased its position in shares of ACM Research by 45.8% during the fourth quarter. ProShare Advisors LLC now owns 21,516 shares of the specialty retailer's stock worth $325,000 after acquiring an additional 6,762 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of ACM Research by 33.7% during the fourth quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer's stock worth $1,888,000 after acquiring an additional 31,511 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ACM Research by 1,418.5% during 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 worth $17,738,000 after acquiring an additional 1,097,358 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

ACM Research Trading Up 2.2%

NASDAQ:ACMR opened at $36.68 on Tuesday. 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 firm has a 50-day moving average of $28.86 and a 200-day moving average of $25.62. The company has a market cap of $2.17 billion, a PE ratio of 22.23 and a beta of 1.44. ACM Research, Inc. has a one year low of $13.87 and a one year high of $37.27.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. The company had revenue of $215.37 million during the quarter, compared to the consensus estimate of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. As a group, equities research analysts expect that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 11,152 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $30.00, for a total transaction of $334,560.00. Following the transaction, the insider directly owned 100,002 shares in the company, valued at approximately $3,000,060. The trade was a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David H. Wang sold 70,000 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $26.76, for a total transaction of $1,873,200.00. Following the transaction, the insider owned 672,708 shares in the company, valued at approximately $18,001,666.08. This trade represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 286,152 shares of company stock valued at $8,419,160 in the last quarter. 25.00% of the stock is owned by company insiders.

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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