ACM Research, Inc. (NASDAQ:ACMR) Director Sells $450,000.00 in Stock

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Tracy Liu sold 15,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the sale, the director directly owned 110,772 shares in the company, valued at $3,323,160. This trade represents a 11.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

ACM Research Trading Up 1.6%

Shares of ACM Research stock traded up $0.47 on Monday, reaching $30.55. 327,470 shares of the company were exchanged, compared to its average volume of 1,423,752. The stock has a fifty day moving average price of $25.56 and a 200-day moving average price of $23.16. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.55 and a beta of 1.50. 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, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $30.64.

Hedge Funds Weigh In On ACM Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. Kerrisdale Advisers LLC grew its position in ACM Research by 550.8% during the 4th 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in ACM Research by 2,258.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer's stock worth $22,171,000 after purchasing an additional 1,406,968 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 worth $17,738,000 after purchasing an additional 1,097,358 shares in the last quarter. Federated Hermes Inc. grew its position 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 worth $25,038,000 after purchasing an additional 1,064,482 shares in the last quarter. Finally, Triata Capital Ltd purchased a new position in ACM Research during the 4th quarter worth approximately $15,507,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

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.