Virtus Advisers LLC Takes $241,000 Position in ACM Research, Inc. $ACMR

Key Points

• Virtus Advisers LLC has invested approximately $241,000 in ACM Research, acquiring 10,307 shares during the first quarter, as reported in their recent 13F filing.
• ACM Research's stock has seen a significant increase of 19.2%, with its current price at $30.53, while the company has a market capitalization of $1.81 billion.
• In the latest earnings report, ACM Research reported $0.54 earnings per share, surpassing the expected $0.42, although revenue fell short of projections at $215.37 million.

Virtus Advisers LLC bought a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,307 shares of the specialty retailer's stock, valued at approximately $241,000.

A number of other hedge funds have also made changes to their positions in the business. Cim LLC raised its stake in shares of ACM Research by 2.8% in the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer's stock valued at $259,000 after acquiring an additional 475 shares during the period. Kendall Capital Management raised its stake in shares of ACM Research by 1.4% in the 1st quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer's stock valued at $1,056,000 after acquiring an additional 635 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of ACM Research by 1.9% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 34,037 shares of the specialty retailer's stock valued at $794,000 after acquiring an additional 647 shares during the period. Illumine Investment Management LLC raised its stake in shares of ACM Research by 3.0% in the 1st quarter. Illumine Investment Management LLC now owns 31,262 shares of the specialty retailer's stock valued at $730,000 after acquiring an additional 923 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ACM Research by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after acquiring an additional 1,061 shares during the period. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Stock Down 3.7%

ACM Research stock traded down $1.07 during midday trading on Friday, hitting $28.22. 1,177,472 shares of the stock were exchanged, compared to its average volume of 1,443,946. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $32.54. The firm has a market cap of $1.67 billion, a P/E ratio of 17.10 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. The company has a 50 day moving average price of $27.86 and a two-hundred day moving average price of $25.03.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm had revenue of $215.37 million for the quarter, compared to the consensus estimate 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. On average, sell-side analysts predict that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity

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

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.