Swiss National Bank Sells 1,200 Shares of ACM Research, Inc. $ACMR

Swiss National Bank reduced its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,500 shares of the specialty retailer’s stock after selling 1,200 shares during the period. Swiss National Bank owned 0.17% of ACM Research worth $2,346,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. KBC Group NV purchased a new position in shares of ACM Research during the first quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its stake 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 buying an additional 1,685 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in ACM Research during the 1st quarter valued at approximately $114,000. Palouse Capital Management Inc. increased its position 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 valued at $119,000 after buying an additional 2,208 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in ACM Research during the first quarter valued at $123,000. Institutional investors own 66.75% of the company’s stock.

Insider Transactions at ACM Research

In other ACM Research news, insider Lisa Feng sold 15,000 shares of ACM Research 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 transaction, the insider directly owned 50,001 shares of the company’s stock, valued at approximately $1,400,028. The trade was a 23.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tracy Liu sold 15,000 shares of the company’s 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 completion of the transaction, the director 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. Over the last 90 days, insiders have sold 45,000 shares of company stock valued at $1,260,000. 25.00% of the stock is owned by company insiders.

ACM Research Trading Up 19.2%

ACM Research stock opened at $30.53 on Friday. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 18.50 and a beta of 1.36. The business’s fifty day simple moving average is $27.54 and its two-hundred day simple moving average is $24.84. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14.

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

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.