Teacher Retirement System of Texas Sells 29,706 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Teacher Retirement System of Texas cut its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 52.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,624 shares of the specialty retailer's stock after selling 29,706 shares during the quarter. Teacher Retirement System of Texas' holdings in ACM Research were worth $621,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Man Group plc purchased a new stake in shares of ACM Research during the fourth quarter worth about $370,000. Intech Investment Management LLC lifted its stake in ACM Research by 70.0% during the 4th quarter. Intech Investment Management LLC now owns 21,273 shares of the specialty retailer's stock valued at $321,000 after acquiring an additional 8,760 shares during the period. Aristides Capital LLC purchased a new stake in shares of ACM Research in the 4th quarter valued at $204,000. Pertento Partners LLP boosted its holdings in shares of ACM Research by 22.3% in the 4th quarter. Pertento Partners LLP now owns 1,185,037 shares of the specialty retailer's stock valued at $17,894,000 after acquiring an additional 215,744 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of ACM Research in the 4th quarter valued at $1,294,000. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Up 1.8%

ACMR stock opened at $29.46 on Wednesday. The firm's fifty day simple moving average is $25.05 and its 200-day simple moving average is $22.80. The company has a market capitalization of $1.73 billion, a P/E ratio of 18.88 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.49. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $30.64.

Insiders Place Their Bets

In other ACM Research news, insider David H. Wang sold 70,000 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the completion of the transaction, the insider directly owned 672,708 shares in the company, valued at approximately $15,875,908.80. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa Feng sold 15,000 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the transaction, the insider owned 50,001 shares of the company's stock, valued at $1,400,028. This represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,000 shares of company stock valued at $3,819,800 over the last 90 days. 25.00% of the stock is currently owned by company insiders.

About ACM Research

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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