Federated Hermes Inc. Raises Stake in ACM Research, Inc. (NASDAQ:ACMR)

Federated Hermes Inc. raised its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 12,871.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,072,752 shares of the specialty retailer’s stock after acquiring an additional 1,064,482 shares during the period. Federated Hermes Inc. owned about 1.82% of ACM Research worth $25,038,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. KBC Group NV bought a new stake in shares of ACM Research in the 1st quarter valued at about $29,000. Tower Research Capital LLC TRC increased its stake 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 purchasing an additional 1,685 shares during the period. Palouse Capital Management Inc. lifted its position in ACM Research by 76.0% in the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer’s stock valued at $119,000 after purchasing an additional 2,208 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of ACM Research during the first quarter valued at approximately $123,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ACM Research by 147.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,301 shares of the specialty retailer’s stock worth $130,000 after purchasing an additional 3,160 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Stock Down 5.3%

Shares of NASDAQ ACMR opened at $30.36 on Friday. The firm’s fifty day moving average is $26.60 and its 200 day moving average is $23.89. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $32.54. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 19.46 and a beta of 1.50.

Insiders Place Their Bets

In other news, Director Tracy Liu sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00. Following the completion of the transaction, the director directly owned 110,772 shares of the company’s stock, valued at approximately $3,323,160. This 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 Lisa Feng sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the insider directly owned 50,001 shares in the company, valued at $1,400,028. The trade was a 23.08% decrease in their ownership of the stock. 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 in the last quarter. 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.