Northern Trust Corp Sells 21,917 Shares of ACM Research, Inc. $ACMR

Northern Trust Corp reduced its position in ACM Research, Inc. (NASDAQ:ACMR) by 4.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 512,326 shares of the specialty retailer’s stock after selling 21,917 shares during the period. Northern Trust Corp owned 0.87% of ACM Research worth $11,958,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Cim LLC boosted its holdings in shares of ACM Research by 2.8% in the 4th quarter. Cim LLC now owns 17,149 shares of the specialty retailer’s stock valued at $259,000 after buying an additional 475 shares in the last quarter. Kendall Capital Management raised its position in shares of ACM Research by 1.4% in the 1st quarter. Kendall Capital Management now owns 45,240 shares of the specialty retailer’s stock valued at $1,056,000 after purchasing an additional 635 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of ACM Research by 1.9% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 34,037 shares of the specialty retailer’s stock valued at $794,000 after purchasing an additional 647 shares during the last quarter. Illumine Investment Management LLC raised its position in shares of ACM Research by 3.0% in the 1st quarter. Illumine Investment Management LLC now owns 31,262 shares of the specialty retailer’s stock valued at $730,000 after purchasing an additional 923 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of ACM Research by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer’s stock valued at $438,000 after purchasing an additional 1,061 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors.

ACM Research Stock Performance

Shares of ACM Research stock opened at $26.98 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 16.35 and a beta of 1.43. 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 company has a 50 day moving average price of $28.06 and a 200 day moving average price of $25.17. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $32.54.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS 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 analyst estimates of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. ACM Research’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. Sell-side analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling at ACM Research

In other news, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction that occurred on 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 $3,323,160. The trade was a 11.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $32.00, for a total transaction of $960,000.00. Following the transaction, the insider directly owned 253,158 shares of the company’s stock, valued at approximately $8,101,056. This trade represents a 10.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,152 shares of company stock valued at $3,454,560. 25.00% of the stock is owned by corporate insiders.

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.