Russell Investments Group Ltd. Acquires 113,111 Shares of ACM Research, Inc. $ACMR

Key Points

• Russell Investments Group Ltd. increased its stake in ACM Research, acquiring an additional 113,111 shares, raising its overall holdings by 388.3% in the first quarter.
• ACM Research reported a quarterly earnings per share (EPS) of $0.54, surpassing analysts' estimates of $0.42, despite revenue declining year-over-year.
• Institutional investors and hedge funds currently hold 66.75% of ACM Research's stock, indicating significant interest from large investment entities.

Russell Investments Group Ltd. lifted its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 388.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 142,244 shares of the specialty retailer's stock after purchasing an additional 113,111 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of ACM Research worth $3,320,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ACM Research by 1,418.5% in 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 buying an additional 1,097,358 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of 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 acquiring an additional 1,064,482 shares during the period. Triata Capital Ltd bought a new stake in ACM Research in the 4th quarter valued at $15,507,000. Raiffeisen Bank International AG acquired a new position in ACM Research in the 4th quarter worth $10,549,000. Finally, Invesco Ltd. boosted its stake in ACM Research by 18.2% in the 1st quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock worth $31,255,000 after purchasing an additional 206,149 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Stock Performance

ACMR opened at $30.53 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 18.50 and a beta of 1.36. The business's 50-day moving average price is $27.54 and its two-hundred day moving average price is $24.87. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $32.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $223.42 million. During the same period last year, the company earned $0.55 earnings per share. ACM Research's quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts expect that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the transaction, the director owned 110,772 shares of the company's stock, valued at approximately $3,323,160. This trade represents a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction 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 completion of the sale, the insider owned 50,001 shares in the company, valued at $1,400,028. The trade was a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock worth $1,260,000 over the last quarter. 25.00% of the stock is owned by corporate 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.

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