Private Advisor Group LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,311 shares of the specialty retailer's stock, valued at approximately $217,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV acquired a new stake in ACM Research during the first quarter worth about $29,000. Tower Research Capital LLC TRC grew its stake in ACM Research by 506.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after buying an additional 1,685 shares in the last quarter. Palouse Capital Management Inc. grew its stake in ACM Research by 76.0% during the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after buying an additional 2,208 shares in the last quarter. Blue Trust Inc. bought a new position in shares of ACM Research in the first quarter worth about $123,000. Finally, Federated Hermes Inc. lifted its holdings in shares of ACM Research by 42.0% in the fourth quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock worth $125,000 after acquiring an additional 2,447 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at ACM Research
In other ACM Research news, insider David H. Wang sold 70,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 owned 672,708 shares of the company's stock, valued at approximately $15,875,908.80. This represents a 9.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lisa Feng sold 15,000 shares of the 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 sale, the insider directly owned 50,001 shares of the company's stock, valued at $1,400,028. This represents a 23.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock worth $4,269,800 in the last quarter. 25.00% of the stock is owned by insiders.
ACM Research Price Performance
Shares of ACMR stock traded down $4.11 on Wednesday, reaching $25.55. The company had a trading volume of 2,985,764 shares, compared to its average volume of 1,419,792. The stock has a market capitalization of $1.50 billion, a PE ratio of 16.23 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. ACM Research, Inc. has a one year low of $13.87 and a one year high of $32.54. The business's 50-day moving average is $27.19 and its 200 day moving average is $24.29.
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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