Cerity Partners LLC Buys New Shares in ACM Research, Inc. (NASDAQ:ACMR)

Cerity Partners LLC purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,351 shares of the specialty retailer’s stock, valued at approximately $545,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACMR. KBC Group NV bought a new position in shares of ACM Research during the first quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its holdings in ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer’s stock worth $30,000 after buying an additional 1,685 shares during the period. Palouse Capital Management Inc. lifted its holdings in ACM Research by 76.0% during the 1st quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer’s stock worth $119,000 after purchasing an additional 2,208 shares in the last quarter. Blue Trust Inc. purchased a new position in ACM Research during the first quarter valued at approximately $123,000. Finally, Federated Hermes Inc. raised its position in shares of ACM Research by 42.0% in the fourth quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer’s stock worth $125,000 after buying an additional 2,447 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Stock Up 0.4%

Shares of NASDAQ ACMR opened at $29.93 on Friday. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $30.73. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 19.19 and a beta of 1.50. The business has a 50-day moving average of $26.10 and a 200-day moving average of $23.55.

Insider Activity at ACM Research

In other news, Director Tracy Liu sold 15,000 shares of the stock in a transaction dated Tuesday, July 15th. The stock was 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 in the company, valued at approximately $3,323,160. This represents a 11.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the completion of the sale, the insider directly owned 672,708 shares of the company’s stock, valued at $15,875,908.80. This trade represents a 9.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,000 shares of company stock valued at $4,269,800 over the last 90 days. 25.00% of the stock is owned by insiders.

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.