Pinpoint Asset Management Ltd Grows Stake in ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• Pinpoint Asset Management Ltd increased its stake in ACM Research, Inc. by 14.4% during the first quarter, resulting in ownership of 122,428 shares worth approximately $2.86 million.
• ACM Research's latest earnings report showed an EPS of $0.54, exceeding estimates and indicating a 6.4% revenue increase compared to the same quarter last year.
• Insiders at ACM Research have sold a total of 175,000 shares valued at over $4.26 million in the last ninety days, with 25% of the stock currently owned by insiders.

Pinpoint Asset Management Ltd raised its stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 14.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 122,428 shares of the specialty retailer's stock after buying an additional 15,382 shares during the period. ACM Research comprises about 0.5% of Pinpoint Asset Management Ltd's portfolio, making the stock its 24th largest holding. Pinpoint Asset Management Ltd owned 0.21% of ACM Research worth $2,857,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cim LLC grew its position in shares of ACM Research by 2.8% during the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock valued at $259,000 after buying an additional 475 shares during the last quarter. Kendall Capital Management grew its position in ACM Research by 1.4% in the first quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock worth $1,056,000 after acquiring an additional 635 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in ACM Research by 1.9% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 34,037 shares of the specialty retailer's stock worth $794,000 after purchasing an additional 647 shares during the last quarter. Illumine Investment Management LLC boosted its holdings in shares of ACM Research by 3.0% during the 1st quarter. Illumine Investment Management LLC now owns 31,262 shares of the specialty retailer's stock worth $730,000 after buying an additional 923 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in ACM Research by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after purchasing an additional 1,061 shares during the period. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insider Buying and Selling at ACM Research

In related news, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction on Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the insider owned 50,001 shares of the company's stock, valued at approximately $1,400,028. This trade represents a 23.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction on Thursday, May 22nd. The stock was 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 in the company, valued at $15,223,382.04. This represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,000 shares of company stock valued at $4,269,800. 25.00% of the stock is currently owned by company insiders.

ACM Research Price Performance

ACMR stock traded up $0.26 during trading on Monday, hitting $24.20. 607,617 shares of the stock traded hands, compared to its average volume of 1,429,106. 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 has a market cap of $1.42 billion, a price-to-earnings ratio of 14.66 and a beta of 1.36. ACM Research, Inc. has a one year low of $13.87 and a one year high of $32.54. The company has a 50 day simple moving average of $27.29 and a 200 day simple moving average of $24.46.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $223.42 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts expect that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

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.