XTX Topco Ltd Invests $1.14 Million in 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 stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 48,878 shares of the specialty retailer's stock, valued at approximately $1,141,000. XTX Topco Ltd owned about 0.08% of ACM Research as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kerrisdale Advisers LLC lifted its position in ACM Research by 550.8% in the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock worth $29,415,000 after purchasing an additional 1,648,685 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ACM Research by 1,418.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer's stock worth $17,738,000 after purchasing an additional 1,097,358 shares during the period. Federated Hermes Inc. lifted its position in 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 worth $25,038,000 after purchasing an additional 1,064,482 shares during the period. Triata Capital Ltd bought a new position in shares of ACM Research during the fourth quarter valued at $15,507,000. Finally, Raiffeisen Bank International AG bought a new position in shares of ACM Research during the fourth quarter valued at $10,549,000. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Price Performance

Shares of NASDAQ ACMR traded down $0.88 during midday trading on Friday, reaching $29.48. 1,090,320 shares of the company traded hands, compared to its average volume of 863,050. The firm has a market cap of $1.73 billion, a PE ratio of 18.90 and a beta of 1.36. The stock's 50-day simple moving average is $26.90 and its 200-day simple moving average is $24.11. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. 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 Activity at ACM Research

In related news, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction dated 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 transaction, the director directly owned 110,772 shares of the company's stock, valued at $3,323,160. The trade was a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lisa Feng sold 15,000 shares of ACM Research 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 owned 50,001 shares of the company's stock, valued at approximately $1,400,028. The trade was a 23.08% 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 over the last ninety days. 25.00% of the stock is owned by 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.