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Penserra Capital Management LLC Acquires New Position in ACM Research, Inc. (NASDAQ:ACMR)

ACM Research logo with Computer and Technology background

Penserra Capital Management LLC purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 81,890 shares of the specialty retailer's stock, valued at approximately $1,911,000. Penserra Capital Management LLC owned approximately 0.14% of ACM Research at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACMR. KBC Group NV acquired a new position in shares of ACM Research in the first quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its stake 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 valued at $30,000 after purchasing an additional 1,685 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in shares of ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 1,236 shares in the last quarter. Palouse Capital Management Inc. boosted its stake in shares of ACM Research by 76.0% in the 1st 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 in the last quarter. Finally, Blue Trust Inc. bought a new position in ACM Research in the 1st quarter valued at approximately $123,000. 66.75% of the stock is owned by institutional investors.

ACM Research Trading Down 2.2%

NASDAQ ACMR traded down $0.63 during trading hours on Friday, reaching $28.56. The company's stock had a trading volume of 718,300 shares, compared to its average volume of 1,444,825. The firm has a fifty day simple moving average of $24.67 and a 200-day simple moving average of $22.56. The stock has a market cap of $1.68 billion, a P/E ratio of 18.31 and a beta of 1.50. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $30.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.49.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $22.63, for a total transaction of $1,357,800.00. Following the transaction, the insider directly owned 672,708 shares of the company's stock, valued at $15,223,382.04. The trade was a 8.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 50,001 shares in the company, valued at $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 three months, insiders sold 160,000 shares of company stock valued at $3,819,800. 25.00% of the stock is currently owned by insiders.

ACM Research Company Profile

(Free Report)

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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Institutional Ownership by Quarter for ACM Research (NASDAQ:ACMR)

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