Yiheng Capital Management L.P. Sells 400,403 Shares of ACM Research, Inc. $ACMR

Key Points

• Yiheng Capital Management L.P. reduced its stake in ACM Research by 58.8%, selling 400,403 shares and leaving it with 280,201 shares, making ACM Research the 11th largest position in its portfolio.
• Hedge funds, including Triata Capital and Federated Hermes, have significantly increased their holdings in ACM Research, contributing to a total institutional ownership of 66.75%.
• ACM Research reported an earnings per share (EPS) of $0.54 for the latest quarter, surpassing estimates, while the company achieved a net margin of 13.76% on revenues of $215.37 million.

Yiheng Capital Management L.P. trimmed its stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 58.8% in the 1st quarter, according to the company in its most recent Form 13F 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 period. ACM Research comprises about 0.6% of Yiheng Capital Management L.P.'s holdings, making the stock its 11th biggest holding. Yiheng Capital Management L.P. owned 0.48% of ACM Research worth $6,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of 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 acquiring an additional 1,097,358 shares in the last quarter. Federated Hermes Inc. raised its stake in ACM Research by 12,871.6% during the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after purchasing an additional 1,064,482 shares during the period. Triata Capital Ltd purchased a new stake in shares of ACM Research in the fourth quarter valued at $15,507,000. Broad Bay Capital Management LP purchased a new stake in shares of ACM Research in the first quarter valued at $21,134,000. Finally, Raiffeisen Bank International AG acquired a new stake in shares of ACM Research in the fourth quarter worth $10,549,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

ACM Research Stock Up 0.5%

Shares of ACMR stock traded up $0.15 on Wednesday, reaching $28.06. 790,780 shares of the company's stock traded hands, compared to its average volume of 1,467,868. The company has a market capitalization of $1.66 billion, a P/E ratio of 17.67 and a beta of 1.43. 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 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The business's 50 day moving average price is $28.15 and its two-hundred day moving average price is $25.22.

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

Insider Buying and Selling at ACM Research

In related news, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction that occurred 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 approximately $3,323,160. The trade was a 11.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jian Wang sold 30,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.00, for a total transaction of $960,000.00. Following the completion of the sale, the insider owned 253,158 shares of the company's stock, valued at approximately $8,101,056. The trade was a 10.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 246,152 shares of company stock valued at $6,914,160 in the last 90 days. Corporate 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.