Resona Asset Management Co. Ltd. Trims Stake in ACM Research, Inc. $ACMR

Resona Asset Management Co. Ltd. trimmed its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 62.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,730 shares of the specialty retailer's stock after selling 11,339 shares during the period. Resona Asset Management Co. Ltd.'s holdings in ACM Research were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ACMR. Kerrisdale Advisers LLC grew its stake in shares of ACM Research by 550.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock worth $29,415,000 after acquiring an additional 1,648,685 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in ACM Research by 1,418.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer's stock valued at $17,738,000 after purchasing an additional 1,097,358 shares during the last quarter. Federated Hermes Inc. boosted its position in ACM Research by 12,871.6% during the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock worth $25,038,000 after purchasing an additional 1,064,482 shares during the period. Triata Capital Ltd bought a new position in ACM Research during the fourth quarter worth about $15,507,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of ACM Research in the fourth quarter worth about $10,549,000. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Performance

Shares of ACMR stock traded up $0.39 during trading on Thursday, reaching $25.55. 746,980 shares of the company's stock traded hands, compared to its average volume of 1,408,107. The company has a market capitalization of $1.51 billion, a P/E ratio of 15.47 and a beta of 1.36. 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's 50-day moving average is $27.42 and its 200 day moving average is $24.73. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $32.54.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. The company had revenue of $215.37 million during the quarter, compared to the consensus estimate of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. ACM Research's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. Equities research analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Activity at ACM Research

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

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.