Vontobel Holding Ltd. Invests $468,000 in ACM Research, Inc. (NASDAQ:ACMR)

Vontobel Holding Ltd. acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,060 shares of the specialty retailer's stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in ACM Research by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 209,909 shares of the specialty retailer's stock valued at $3,170,000 after purchasing an additional 21,024 shares during the period. Charles Schwab Investment Management Inc. lifted its position in ACM Research by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 408,683 shares of the specialty retailer's stock valued at $6,171,000 after purchasing an additional 2,825 shares during the period. Arizona State Retirement System lifted its position in ACM Research by 7.3% during the fourth quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer's stock valued at $226,000 after purchasing an additional 1,017 shares during the period. Raymond James Financial Inc. acquired a new position in ACM Research during the fourth quarter valued at $1,294,000. Finally, Kendall Capital Management lifted its position in ACM Research by 17.1% during the fourth quarter. Kendall Capital Management now owns 44,605 shares of the specialty retailer's stock valued at $674,000 after purchasing an additional 6,520 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider David H. Wang sold 70,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the completion of the transaction, the insider directly owned 672,708 shares in the company, valued at $15,875,908.80. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $26.00, for a total transaction of $390,000.00. Following the completion of the transaction, the insider directly owned 50,001 shares of the company's stock, valued at $1,300,026. The trade was a 23.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,000 shares of company stock valued at $3,399,800 over the last 90 days. 25.00% of the stock is currently owned by insiders.

ACM Research Trading Up 0.6%

NASDAQ ACMR opened at $27.98 on Tuesday. The company has a market capitalization of $1.65 billion, a PE ratio of 17.94 and a beta of 1.50. The company has a fifty day moving average of $23.89 and a 200 day moving average of $22.28. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.49.

About ACM Research

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.

Want to see what other hedge funds are holding ACMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACM Research, Inc. (NASDAQ:ACMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.