Virtu Financial LLC Acquires New Shares in ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• Virtu Financial LLC acquired 30,276 shares of ACM Research, valued at approximately $707,000, marking its entry into the company during the first quarter.
• Insider sales included Lisa Feng and Tracy Liu each selling 15,000 shares, representing decreases in their respective holdings of 23.08% and 11.93%.
• ACM Research reported $0.54 earnings per share (EPS) for the latest quarter, exceeding expectations, although its quarterly revenue of $215.37 million was below analyst estimates.

Virtu Financial LLC purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,276 shares of the specialty retailer's stock, valued at approximately $707,000. Virtu Financial LLC owned 0.05% of ACM Research as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in ACM Research by 18.2% during the 1st quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock worth $31,255,000 after acquiring an additional 206,149 shares during the period. Pinpoint Asset Management Ltd boosted its position in ACM Research by 14.4% during the 1st quarter. Pinpoint Asset Management Ltd now owns 122,428 shares of the specialty retailer's stock worth $2,857,000 after acquiring an additional 15,382 shares during the period. XTX Topco Ltd acquired a new position in ACM Research during the 1st quarter worth $1,141,000. Harvest Fund Management Co. Ltd acquired a new position in ACM Research during the 1st quarter worth $114,000. Finally, Federated Hermes Inc. boosted its position in ACM Research by 12,871.6% during the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock worth $25,038,000 after acquiring an additional 1,064,482 shares during the period. Institutional investors and hedge funds own 66.75% of the company's stock.

Insider Transactions at ACM Research

In other news, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the insider owned 50,001 shares of the company's stock, valued at approximately $1,400,028. The trade was a 23.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the sale, the director directly owned 110,772 shares in the company, valued at $3,323,160. This represents a 11.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,000 shares of company stock valued at $4,269,800. Corporate insiders own 25.00% of the company's stock.

ACM Research Trading Up 4.2%

Shares of ACMR stock opened at $24.93 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $32.54. The stock has a fifty day moving average of $27.35 and a two-hundred day moving average of $24.50. The firm has a market capitalization of $1.47 billion, a PE ratio of 15.11 and a beta of 1.36.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. ACM Research had a return on equity of 9.57% and a net margin of 13.76%. The company had revenue of $215.37 million during the quarter, compared to analyst estimates of $223.42 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

ACM Research 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.

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