Private Advisor Group LLC Takes Position in ACM Research, Inc. (NASDAQ:ACMR)

Private Advisor Group LLC bought a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,311 shares of the specialty retailer’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV acquired a new stake in shares of ACM Research in the 1st quarter valued at $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of 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 valued at $30,000 after purchasing an additional 1,685 shares in the last quarter. Palouse Capital Management Inc. boosted its holdings in shares of ACM Research by 76.0% in the 1st 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 in the last quarter. Blue Trust Inc. acquired a new stake in shares of ACM Research in the 1st quarter valued at $123,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of ACM Research by 147.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,301 shares of the specialty retailer’s stock valued at $130,000 after purchasing an additional 3,160 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Stock Down 2.9%

Shares of ACMR opened at $29.48 on Friday. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $32.54. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 18.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46. The stock has a fifty day moving average of $26.90 and a 200-day moving average of $24.11.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 70,000 shares of ACM Research stock in a transaction that occurred 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 transaction, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock valued at $4,269,800 in the last three months. Insiders own 25.00% of the company’s stock.

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.