Resona Asset Management Co. Ltd. Cuts Stock Position in ACM Research, Inc. $ACMR

Resona Asset Management Co. Ltd. lowered its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 62.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,730 shares of the specialty retailer's stock after selling 11,339 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in ACM Research were worth $166,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Cim LLC boosted its stake in ACM Research by 2.8% during the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock worth $259,000 after purchasing an additional 475 shares during the last quarter. Kendall Capital Management boosted its stake in ACM Research by 1.4% during the 1st quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock worth $1,056,000 after purchasing an additional 635 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in ACM Research by 1.9% during 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 stake in 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 purchasing an additional 923 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ACM Research by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock worth $438,000 after purchasing an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

Insider Buying and Selling at ACM Research

In other news, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total transaction of $450,000.00. Following the transaction, the director owned 110,772 shares in the company, valued at $3,323,160. The trade was a 11.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction on Monday, July 7th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the insider owned 50,001 shares in the company, valued at approximately $1,400,028. This represents a 23.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,000 shares of company stock worth $1,260,000. Insiders own 25.00% of the company's stock.

ACM Research Price Performance

ACMR traded up $6.1870 on Friday, hitting $31.7970. 3,365,212 shares of the company's stock were exchanged, compared to its average volume of 1,421,064. 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 current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $27.42 and a 200-day moving average price of $24.77. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 19.27 and a beta of 1.36.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.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 earned $0.55 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current year.

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.