Private Advisor Group LLC Invests $217,000 in ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• Private Advisor Group LLC purchased 9,311 shares of ACM Research, valued at approximately $217,000, marking a significant investment by the institutional investor in the first quarter.
• Insider sales included a substantial transaction where David H. Wang sold 70,000 shares for $1.65 million, reducing his position by 9.42%.
• ACM Research's stock has been volatile, currently trading at $29.48, with a 52-week range of $13.87 to $32.54, highlighting its recent performance in the market.

Private Advisor Group LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 9,311 shares of the specialty retailer's stock, valued at approximately $217,000.

A number of other hedge funds have also bought and sold shares of ACMR. KBC Group NV purchased a new position in shares of ACM Research during the 1st quarter valued at $29,000. Tower Research Capital LLC TRC grew its position in shares of ACM Research by 506.0% during 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. Palouse Capital Management Inc. grew its position in shares of ACM Research by 76.0% during 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. Blue Trust Inc. purchased a new position in ACM Research in the first quarter worth $123,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in ACM Research by 147.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,301 shares of the specialty retailer's stock worth $130,000 after acquiring an additional 3,160 shares in the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

ACM Research Price Performance

NASDAQ:ACMR traded up $1.26 during midday trading on Monday, hitting $30.74. The company had a trading volume of 849,498 shares, compared to its average volume of 1,409,316. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $32.54. The stock's fifty day moving average price is $26.90 and its 200-day moving average price is $24.16. The company has a market capitalization of $1.81 billion, a PE ratio of 19.71 and a beta of 1.36. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling

In other ACM Research news, insider Lisa Feng sold 15,000 shares of the business's 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 directly owned 50,001 shares of the company's stock, valued at $1,400,028. The trade was a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David H. Wang sold 70,000 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the completion of the sale, the insider directly owned 672,708 shares of the company's stock, valued at $15,875,908.80. This represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,000 shares of company stock worth $4,269,800. Corporate insiders own 25.00% of the company's stock.

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.