XTX Topco Ltd Takes $1.14 Million Position in ACM Research, Inc. (NASDAQ:ACMR)

XTX Topco Ltd purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 48,878 shares of the specialty retailer’s stock, valued at approximately $1,141,000. XTX Topco Ltd owned 0.08% of ACM Research at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd purchased a new stake in shares of ACM Research during the first quarter valued at approximately $114,000. Federated Hermes Inc. boosted its stake in shares of ACM Research by 12,871.6% in the first 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. Picton Mahoney Asset Management grew its holdings in ACM Research by 297.4% during the 1st quarter. Picton Mahoney Asset Management now owns 12,334 shares of the specialty retailer’s stock valued at $288,000 after purchasing an additional 9,230 shares in the last quarter. Bryce Point Capital LLC purchased a new stake in ACM Research during the 1st quarter worth $761,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in ACM Research during the 1st quarter worth $215,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $22.63, for a total value of $1,357,800.00. Following the completion of the transaction, the insider directly owned 672,708 shares in the company, valued at approximately $15,223,382.04. This trade represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Feng sold 15,000 shares of the business’s 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 directly owned 50,001 shares of the company’s stock, valued at approximately $1,400,028. This represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,000 shares of company stock worth $4,269,800. 25.00% of the stock is currently owned by corporate insiders.

ACM Research Trading Down 2.9%

NASDAQ ACMR opened at $29.48 on Friday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 18.90 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.49. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. The company’s fifty day moving average price is $26.90 and its two-hundred day moving average price is $24.07.

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.