ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 42.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 133,556 shares of the specialty retailer’s stock after selling 99,691 shares during the quarter. LPL Financial LLC owned 0.23% of ACM Research worth $3,117,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. KBC Group NV acquired a new position in shares of ACM Research during the 1st quarter valued at $29,000. Tower Research Capital LLC TRC grew 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 worth $30,000 after acquiring an additional 1,685 shares during the last quarter. Palouse Capital Management Inc. grew 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 worth $119,000 after acquiring an additional 2,208 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of ACM Research in the 1st quarter worth $123,000. Finally, Federated Hermes Inc. grew its holdings in shares of ACM Research by 42.0% in the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer’s stock worth $125,000 after acquiring an additional 2,447 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Stock Performance

Shares of NASDAQ ACMR opened at $25.02 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 15.16 and a beta of 1.36. The stock’s fifty day simple moving average is $27.44 and its 200 day simple moving average is $24.67. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $32.54.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. ACM Research had a return on equity of 9.57% and a net margin of 13.76%. The firm had revenue of $215.37 million for the quarter, compared to the consensus estimate of $223.42 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling at ACM Research

In other news, insider Lisa Feng sold 15,000 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the sale, the insider owned 50,001 shares in the company, valued at approximately $1,400,028. This represents a 23.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tracy Liu sold 15,000 shares of the company’s stock in a transaction dated 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 owned 110,772 shares of the company’s stock, valued at approximately $3,323,160. This trade represents a 11.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,000 shares of company stock worth $4,269,800 over the last 90 days. 25.00% of the stock is currently owned by corporate insiders.

ACM Research 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.