Vontobel Holding Ltd. Takes Position in ACM Research, Inc. (NASDAQ:ACMR)

Vontobel Holding Ltd. bought a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,060 shares of the specialty retailer's stock, valued at approximately $468,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kendall Capital Management boosted its stake in ACM Research by 1.4% in the first 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. KBC Group NV bought a new stake in shares of ACM Research during the first quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC raised its holdings in shares of ACM Research by 48.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 33,889 shares of the specialty retailer's stock valued at $812,000 after buying an additional 11,015 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of ACM Research by 147.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,301 shares of the specialty retailer's stock valued at $130,000 after buying an additional 3,160 shares during the last quarter. Finally, Illumine Investment Management LLC raised its holdings in shares of ACM Research by 3.0% during the first quarter. Illumine Investment Management LLC now owns 31,262 shares of the specialty retailer's stock valued at $730,000 after buying an additional 923 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Stock Performance

Shares of ACMR traded down $0.63 during mid-day trading on Friday, reaching $28.56. 718,300 shares of the company's stock traded hands, compared to its average volume of 1,443,726. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $30.64. The stock has a market capitalization of $1.68 billion, a P/E ratio of 18.31 and a beta of 1.50. The business's 50-day moving average price is $24.50 and its 200-day moving average price is $22.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider David H. Wang sold 70,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total value of $1,652,000.00. Following the transaction, the insider owned 672,708 shares of the company's stock, valued at approximately $15,875,908.80. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the sale, the insider directly owned 50,001 shares in the company, valued at approximately $1,400,028. This trade represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 160,000 shares of company stock worth $3,819,800 in the last ninety days. 25.00% of the stock is owned by corporate insiders.

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.