Yiheng Capital Management L.P. Lowers Stock Position in 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. cut its stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 58.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 280,201 shares of the specialty retailer's stock after selling 400,403 shares during the quarter. ACM Research makes up about 0.6% of Yiheng Capital Management L.P.'s portfolio, making the stock its 11th largest position. Yiheng Capital Management L.P. owned approximately 0.48% of ACM Research worth $6,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Triata Capital Ltd boosted its stake in ACM Research by 33.5% during the first quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer's stock worth $32,002,000 after acquiring an additional 344,158 shares in the last quarter. Invesco Ltd. raised its holdings in ACM Research by 18.2% during the first quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock worth $31,255,000 after buying an additional 206,149 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ACM Research by 1,418.5% during 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 buying an additional 1,097,358 shares during the last quarter. Federated Hermes Inc. raised its holdings in ACM Research by 12,871.6% during the first quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock worth $25,038,000 after buying an additional 1,064,482 shares during the last quarter. Finally, Broad Bay Capital Management LP acquired a new position in ACM Research during the first quarter worth $21,134,000. 66.75% of the stock is owned by institutional investors.

ACM Research Stock Down 0.4%

ACMR traded down $0.12 during trading on Friday, hitting $29.98. 900,131 shares of the company's stock were exchanged, compared to its average volume of 1,435,189. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $28.20 and its two-hundred day moving average is $25.26. ACM Research, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $32.54. The stock has a market cap of $1.77 billion, a P/E ratio of 18.16 and a beta of 1.43.

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

Insider Activity

In other news, insider Lisa Feng sold 15,000 shares of the stock in a transaction dated Monday, July 7th. The shares were 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 in the company, valued at $1,400,028. This represents a 23.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jian Wang sold 30,000 shares of the stock in a transaction dated Monday, August 25th. The shares were 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. This represents a 10.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 246,152 shares of company stock valued at $6,914,160. 25.00% of the stock is currently owned by insiders.

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.