Versor Investments LP Invests $329,000 in ACM Research, Inc. $ACMR

Key Points

• Versor Investments LP has acquired a new stake in ACM Research, purchasing 14,100 shares valued at approximately $329,000 during the first quarter.
• Multiple hedge funds significantly increased their positions in ACM Research, with FCG Investment Co raising its stake by 78.4% and American Century Companies Inc. increasing theirs by 13.6%.
• ACM Research recently reported earnings of $0.54 per share, surpassing the consensus estimate, and achieved a 6.4% revenue increase compared to the same quarter last year.

Versor Investments LP purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,100 shares of the specialty retailer's stock, valued at approximately $329,000.

Several other large investors have also recently added to or reduced their stakes in the business. Kerrisdale Advisers LLC increased its position in ACM Research by 550.8% in the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock valued at $29,415,000 after acquiring an additional 1,648,685 shares during the period. Invesco Ltd. increased its position in ACM Research by 18.2% in the 1st quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock valued at $31,255,000 after acquiring an additional 206,149 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in ACM Research by 1,418.5% in the 4th 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 acquiring an additional 1,097,358 shares during the period. Federated Hermes Inc. increased its position in ACM Research by 12,871.6% in the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after acquiring an additional 1,064,482 shares during the period. Finally, Triata Capital Ltd bought a new position in ACM Research during the 4th quarter valued at $15,507,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Price Performance

NASDAQ ACMR traded down $1.33 on Wednesday, reaching $28.58. 1,721,907 shares of the stock traded hands, compared to its average volume of 1,608,270. The firm's fifty day simple moving average is $27.77 and its 200 day simple moving average is $24.98. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 17.32 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 issued 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 firm 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 firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. As a group, research analysts predict that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Transactions at ACM Research

In other ACM Research news, insider Lisa Feng sold 15,000 shares of the 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 completion of the transaction, the insider directly owned 50,001 shares of the company's stock, valued at approximately $1,400,028. This trade represents a 23.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tracy Liu sold 15,000 shares of the 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 transaction, the director directly owned 110,772 shares of the company's stock, valued at approximately $3,323,160. The trade was a 11.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,152 shares of company stock valued at $3,454,560. Company insiders own 25.00% of the company's stock.

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.