Yiheng Capital Management L.P. Has $6.54 Million Holdings in ACM Research, Inc. $ACMR

Key Points

• Yiheng Capital Management L.P. has sold 400,403 shares of ACM Research, reducing its stake by 58.8% and leaving it with 280,201 shares, which now represent only 0.4% of its investment portfolio.
• Several other hedge funds have adjusted their positions in ACM Research, with significant increases from GAMMA Investing LLC, which grew its stake by 4,309.2% during the first quarter.
• ACM Research recently reported an EPS of $0.54 for the quarter, surpassing analysts' expectations, although its revenue of $215.37 million fell short of the anticipated $223.42 million.

Yiheng Capital Management L.P. trimmed its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 58.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 280,201 shares of the specialty retailer's stock after selling 400,403 shares during the quarter. ACM Research makes up 0.4% of Yiheng Capital Management L.P.'s holdings, making the stock its 12th largest holding. Yiheng Capital Management L.P. owned about 0.48% of ACM Research worth $6,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Broad Bay Capital Management LP purchased a new stake in shares of ACM Research in the first quarter valued at $21,134,000. Ieq Capital LLC lifted its holdings in shares of ACM Research by 166.7% in the first quarter. Ieq Capital LLC now owns 28,658 shares of the specialty retailer's stock valued at $669,000 after purchasing an additional 17,911 shares in the last quarter. Virtus Advisers LLC purchased a new stake in shares of ACM Research in the first quarter valued at $241,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of ACM Research during the first quarter worth approximately $2,096,000. Finally, Dodge & Cox boosted its holdings in shares of ACM Research by 17.7% during the first quarter. Dodge & Cox now owns 63,092 shares of the specialty retailer's stock worth $1,473,000 after purchasing an additional 9,500 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ACM Research

In other news, 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 value of $450,000.00. Following the sale, the director owned 110,772 shares in the company, valued at approximately $3,323,160. This trade represents a 11.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sotheara Cheav sold 11,152 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $30.00, for a total value of $334,560.00. Following the completion of the sale, the insider directly owned 100,002 shares in the company, valued at approximately $3,000,060. This represents a 10.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,152 shares of company stock worth $3,454,560. Insiders own 25.00% of the company's stock.

ACM Research Stock Down 2.3%

ACM Research stock traded down $0.64 during trading hours on Tuesday, hitting $27.58. The company had a trading volume of 1,197,969 shares, compared to its average volume of 1,442,467. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $32.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. The firm has a market capitalization of $1.63 billion, a P/E ratio of 16.72 and a beta of 1.44. The firm's fifty day moving average is $28.03 and its 200-day moving average is $25.14.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12. The business had revenue of $215.37 million for the quarter, compared to analysts' expectations of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. ACM Research's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. On average, research analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current year.

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.