Segall Bryant & Hamill LLC acquired a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,273 shares of the specialty retailer's stock, valued at approximately $823,000. Segall Bryant & Hamill LLC owned approximately 0.06% of ACM Research at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ACMR. KBC Group NV purchased a new stake in shares of ACM Research in the first quarter valued at about $29,000. Tower Research Capital LLC TRC raised its position in shares of ACM Research by 506.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 1,685 shares during the last quarter. Palouse Capital Management Inc. lifted its stake in ACM Research by 76.0% in the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after buying an additional 2,208 shares in the last quarter. Blue Trust Inc. acquired a new stake in ACM Research during the 1st quarter valued at $123,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in ACM Research by 147.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,301 shares of the specialty retailer's stock valued at $130,000 after buying an additional 3,160 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.
ACM Research Price Performance
NASDAQ:ACMR opened at $30.08 on Friday. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $30.64. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 19.28 and a beta of 1.50. The company's 50-day moving average is $25.56 and its two-hundred day moving average is $23.11. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12.
Insider Transactions at ACM Research
In related news, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $22.63, for a total value of $1,357,800.00. Following the transaction, the insider owned 672,708 shares in the company, valued at approximately $15,223,382.04. This trade represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tracy Liu sold 15,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the sale, the director owned 110,772 shares of the company's stock, valued at $3,323,160. This represents a 11.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,000 shares of company stock worth $4,269,800 over the last quarter. 25.00% of the stock is currently owned by insiders.
ACM Research Company Profile
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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.
Further Reading
Want to see what other hedge funds are holding ACMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACM Research, Inc. (NASDAQ:ACMR - Free Report).
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