Trexquant Investment LP Sells 301,527 Shares of ACM Research, Inc. $ACMR

Key Points

• Trexquant Investment LP reduced its holdings in ACM Research, Inc. by 52.6% in the first quarter, now owning 271,343 shares worth approximately $6.33 million.
• Several hedge funds have altered their positions in ACMR, with Caitong International Asset Management increasing its stake by 871.5% during the same period.
• ACM Research reported earnings of $0.54 per share for the quarter, surpassing estimates, but its revenue of $215.37 million was below analyst forecasts.

Trexquant Investment LP trimmed its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 52.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,343 shares of the specialty retailer's stock after selling 301,527 shares during the quarter. Trexquant Investment LP owned 0.46% of ACM Research worth $6,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACMR. Raymond James Financial Inc. purchased a new stake in ACM Research in the 4th quarter worth about $1,294,000. Mariner LLC raised its position in ACM Research by 50.8% in the 4th quarter. Mariner LLC now owns 24,239 shares of the specialty retailer's stock worth $366,000 after purchasing an additional 8,164 shares during the period. MetLife Investment Management LLC raised its position in ACM Research by 7.3% in the 4th quarter. MetLife Investment Management LLC now owns 31,045 shares of the specialty retailer's stock worth $469,000 after purchasing an additional 2,123 shares during the period. Tower Research Capital LLC TRC raised its position in ACM Research by 506.0% in 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 period. Finally, Price T Rowe Associates Inc. MD raised its position in ACM Research by 9.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,267 shares of the specialty retailer's stock worth $548,000 after purchasing an additional 3,031 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Trading Up 1.6%

ACM Research stock traded up $0.43 during midday trading on Friday, reaching $27.41. The stock had a trading volume of 1,350,608 shares, compared to its average volume of 1,459,393. 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, Inc. has a 52-week low of $13.87 and a 52-week high of $32.54. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 16.61 and a beta of 1.43. The company has a fifty day moving average of $28.09 and a 200 day moving average of $25.19.

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 for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The company had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. During the same period in the prior year, the company posted $0.55 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ACM Research news, insider Jian Wang sold 30,000 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.00, for a total value of $960,000.00. Following the transaction, the insider directly owned 253,158 shares in the company, valued at $8,101,056. This represents a 10.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sotheara Cheav sold 11,152 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $30.00, for a total transaction of $334,560.00. Following the completion of the transaction, the insider owned 100,002 shares in the company, valued at $3,000,060. This represents a 10.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 246,152 shares of company stock worth $6,914,160. 25.00% of the stock is owned by company insiders.

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.