Ruffer LLP Buys New Stake in ACM Research, Inc. $ACMR

Key Points

• Ruffer LLP acquired a new stake of 264,706 shares in ACM Research, valued at approximately $6,855,000, representing about 0.45% of the company's stock.
• Insider transactions in ACM Research indicate significant sales, with Jian Wang and Tracy Liu both selling shares, reducing their ownership by over 10% each.
• Despite the insider sales, ACM Research reported a 6.4% year-over-year revenue increase with earnings per share of $0.54, surpassing analyst expectations.

Ruffer LLP acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 264,706 shares of the specialty retailer's stock, valued at approximately $6,855,000. Ruffer LLP owned about 0.45% of ACM Research as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV bought a new stake in ACM Research during the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its stake in ACM Research by 871.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after purchasing an additional 4,192 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in ACM Research during the 1st quarter valued at approximately $114,000. Palouse Capital Management Inc. boosted its stake in 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 during the period. Finally, Blue Trust Inc. bought a new stake in ACM Research during the 1st quarter valued at approximately $123,000. Institutional investors own 66.75% of the company's stock.

Insider Transactions at ACM Research

In other news, insider Jian Wang sold 30,000 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.00, for a total value of $960,000.00. Following the sale, the insider directly owned 253,158 shares in the company, valued at approximately $8,101,056. This represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tracy Liu sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $33.00, for a total value of $495,000.00. Following the completion of the sale, the director owned 110,772 shares in the company, valued at approximately $3,655,476. This represents a 11.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 286,152 shares of company stock worth $8,419,160. 25.00% of the stock is currently owned by company insiders.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $38.69 on Thursday. The business has a 50 day moving average price of $29.23 and a 200 day moving average price of $25.80. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $40.10. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 23.45 and a beta of 1.43. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14.

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, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $215.37 million during the quarter, compared to analysts' expectations of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. Research analysts predict 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.