9,201 Shares in ACM Research, Inc. (NASDAQ:ACMR) Bought by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd acquired a new stake in ACM Research, Inc. during the first quarter, purchasing 9,201 shares valued at approximately $215,000.
• Insiders at ACM Research have sold 175,000 shares worth around $4.27 million in the last ninety days, resulting in significant decreases in their ownership percentages.
• ACM Research's stock recently opened at $32.06, having a one-year range between $13.87 and $32.54, and showing a current market cap of $1.89 billion.

Y Intercept Hong Kong Ltd acquired a new position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,201 shares of the specialty retailer's stock, valued at approximately $215,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of ACM Research by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer's stock valued at $63,441,000 after purchasing an additional 67,255 shares during the last quarter. Kerrisdale Advisers LLC grew its holdings in ACM Research by 550.8% during the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock valued at $29,415,000 after purchasing an additional 1,648,685 shares during the period. Geode Capital Management LLC increased its position in ACM Research by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer's stock worth $17,896,000 after buying an additional 4,131 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ACM Research by 1,418.5% during the 4th 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 valued at $17,738,000 after buying an additional 1,097,358 shares in the last quarter. Finally, Triata Capital Ltd bought a new position in shares of ACM Research during the 4th quarter valued at approximately $15,507,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insider Buying and Selling

In other news, insider Lisa Feng sold 15,000 shares of ACM Research stock in a transaction that occurred 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 owned 50,001 shares in the company, valued at $1,400,028. This trade represents a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 175,000 shares of company stock valued at $4,269,800. Company insiders own 25.00% of the company's stock.

ACM Research Stock Performance

ACM Research stock traded down $0.88 during midday trading on Friday, hitting $29.48. The stock had a trading volume of 1,090,320 shares, compared to its average volume of 863,050. The company has a market capitalization of $1.73 billion, a PE ratio of 18.90 and a beta of 1.36. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $32.54. The firm's fifty day moving average is $26.90 and its two-hundred day moving average is $24.11. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12.

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.