XTX Topco Ltd Buys Shares of 48,878 ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• XTX Topco Ltd has acquired a new stake in ACM Research, Inc., purchasing 48,878 shares valued at approximately $1,141,000, representing 0.08% of the company's stock.
• Institutional investors hold approximately 66.75% of ACM Research, with significant increases in holdings noted from Vanguard Group, Kerrisdale Advisers, and Federated Hermes.
• ACM Research's stock has experienced volatility, with a 12-month low of $13.87 and a high of $32.54, and currently trades at around $29.48.

XTX Topco Ltd purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 48,878 shares of the specialty retailer's stock, valued at approximately $1,141,000. XTX Topco Ltd owned approximately 0.08% of ACM Research at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd acquired a new stake in ACM Research during the first quarter worth $114,000. Federated Hermes Inc. grew its stake in shares of ACM Research by 12,871.6% in the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after buying an additional 1,064,482 shares in the last quarter. Picton Mahoney Asset Management grew its stake in shares of ACM Research by 297.4% in the first quarter. Picton Mahoney Asset Management now owns 12,334 shares of the specialty retailer's stock valued at $288,000 after buying an additional 9,230 shares in the last quarter. Bryce Point Capital LLC purchased a new position in ACM Research in the first quarter valued at $761,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in ACM Research in the first quarter valued at $215,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Stock Down 4.3%

NASDAQ:ACMR traded down $1.33 during midday trading on Tuesday, reaching $29.42. The company had a trading volume of 691,398 shares, compared to its average volume of 1,404,312. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 18.84 and a beta of 1.36. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12. The stock's fifty day simple moving average is $27.06 and its 200-day simple moving average is $24.25. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $32.54.

Insiders Place Their Bets

In related news, insider Lisa Feng sold 15,000 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the insider directly owned 50,001 shares of the company's stock, valued at $1,400,028. This represents a 23.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 60,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $22.63, for a total value of $1,357,800.00. Following the completion of the sale, the insider directly owned 672,708 shares of the company's stock, valued at approximately $15,223,382.04. This trade represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,000 shares of company stock valued at $4,269,800 in the last ninety days. 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.