Vanguard Group Inc. Cuts Stock Holdings in ACM Research, Inc. $ACMR

Key Points

• Vanguard Group Inc. has reduced its stake in ACM Research, Inc. by 3.5%, selling 146,057 shares, and now holds 6.89% of the company's stock, valued at approximately $94.65 million.
• ACM Research's shares saw a significant increase of 19.2%, with the stock trading between a low of $13.87 and a high of $32.54 over the past year.
• The company reported earnings per share (EPS) of $0.54, exceeding analysts' expectations of $0.42, despite revenue falling short at $215.37 million against a forecast of $223.42 million.

Vanguard Group Inc. reduced its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,055,346 shares of the specialty retailer's stock after selling 146,057 shares during the period. Vanguard Group Inc. owned 6.89% of ACM Research worth $94,652,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ACMR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 purchasing an additional 1,097,358 shares in the last quarter. Federated Hermes Inc. grew its position in shares of ACM Research by 12,871.6% in the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after purchasing an additional 1,064,482 shares in the last quarter. Triata Capital Ltd purchased a new stake in shares of ACM Research in the fourth quarter valued at approximately $15,507,000. Raiffeisen Bank International AG purchased a new stake in shares of ACM Research in the fourth quarter valued at approximately $10,549,000. Finally, Northern Trust Corp grew its position in shares of ACM Research by 9.9% in the fourth quarter. Northern Trust Corp now owns 534,243 shares of the specialty retailer's stock valued at $8,067,000 after purchasing an additional 47,953 shares in the last quarter. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Sotheara Cheav sold 11,152 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $30.00, for a total value of $334,560.00. Following the transaction, the insider directly owned 100,002 shares in the company, valued at approximately $3,000,060. This represents a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jian Wang sold 30,000 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $32.00, for a total value of $960,000.00. Following the completion of the transaction, the insider owned 253,158 shares in the company, valued at $8,101,056. This represents a 10.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,152 shares of company stock valued at $3,454,560. Insiders own 25.00% of the company's stock.

ACM Research Price Performance

Shares of ACMR stock traded up $0.71 during trading hours on Thursday, reaching $29.29. The company had a trading volume of 1,431,863 shares, compared to its average volume of 1,644,049. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The stock has a fifty day moving average of $27.86 and a 200-day moving average of $25.03. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.75 and a beta of 1.36. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $32.54.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The business had revenue of $215.37 million during the quarter, compared to analyst estimates of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The business's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. On average, equities analysts anticipate 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.