PDT Partners LLC Buys 13,572 Shares of ACM Research, Inc. $ACMR

Key Points

• PDT Partners LLC increased its stake in ACM Research by 12.6%, owning approximately 0.21% of the company worth $2.84 million as of the latest SEC filing.
• Several other institutional investors also raised their positions in ACM Research, with Federated Hermes Inc. increasing its stake by 12,871.6% recently.
• ACM Research reported a quarterly earnings per share of $0.54, exceeding analyst expectations, although revenue fell short of projections at $215.37 million.

PDT Partners LLC boosted its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,602 shares of the specialty retailer's stock after buying an additional 13,572 shares during the quarter. PDT Partners LLC owned about 0.21% of ACM Research worth $2,838,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ACMR. KBC Group NV acquired a new position in ACM Research during the first quarter worth $29,000. Tower Research Capital LLC TRC grew its position in shares of ACM Research by 506.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 1,685 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of 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 valued at $109,000 after purchasing an additional 4,192 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of ACM Research in the first quarter valued at about $114,000. Finally, Palouse Capital Management Inc. grew its position in shares of ACM Research by 76.0% in the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after purchasing an additional 2,208 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

ACM Research Stock Performance

Shares of NASDAQ:ACMR traded up $0.43 during midday trading on Friday, hitting $27.41. The company's stock had a trading volume of 1,350,608 shares, compared to its average volume of 1,459,393. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 16.61 and a beta of 1.43. The stock's 50 day simple moving average is $28.09 and its 200 day simple moving average is $25.19. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $32.54. 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 earnings results 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 business had revenue of $215.37 million during the quarter, compared to analysts' expectations of $223.42 million. During the same quarter last year, the company earned $0.55 earnings per share. The firm's revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current year.

Insider Activity

In other news, insider Sotheara Cheav sold 11,152 shares of ACM Research stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $30.00, for a total value of $334,560.00. Following the completion of the transaction, the insider 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 legal filing with the SEC, which is accessible through this link. Also, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the transaction, the insider owned 50,001 shares of the company's stock, valued at $1,400,028. This trade represents a 23.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 246,152 shares of company stock valued at $6,914,160. 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.