Quadrature Capital Ltd Makes New Investment in ACM Research, Inc. (NASDAQ:ACMR)

Quadrature Capital Ltd acquired a new position in ACM Research, Inc. (NASDAQ:ACMR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,436 shares of the specialty retailer’s stock, valued at approximately $1,207,000. Quadrature Capital Ltd owned approximately 0.07% of ACM Research as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in ACM Research in the fourth quarter worth $66,000. SG Americas Securities LLC acquired a new position in shares of ACM Research during the first quarter valued at $196,000. Transcendent Capital Group LLC acquired a new position in shares of ACM Research during the fourth quarter valued at $145,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of ACM Research during the first quarter valued at $221,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in ACM Research in the first quarter valued at about $279,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $22.07, for a total transaction of $662,100.00. Following the sale, the insider now owns 253,158 shares in the company, valued at approximately $5,587,197.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Jian Wang sold 30,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $22.07, for a total transaction of $662,100.00. Following the completion of the sale, the insider now directly owns 253,158 shares of the company’s stock, valued at $5,587,197.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Haiping Dun sold 19,239 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $22.63, for a total value of $435,378.57. Following the transaction, the director now directly owns 855,090 shares of the company’s stock, valued at $19,350,686.70. The disclosure for this sale can be found here. Insiders sold a total of 240,329 shares of company stock valued at $5,440,934 in the last 90 days. Corporate insiders own 31.24% of the company’s stock.

ACM Research Stock Up 0.2 %

NASDAQ ACMR traded up $0.04 during trading hours on Friday, hitting $18.74. 1,248,262 shares of the company traded hands, compared to its average volume of 1,305,831. ACM Research, Inc. has a twelve month low of $11.82 and a twelve month high of $34.40. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.20 and a beta of 1.55. The business’s 50-day moving average is $22.68 and its 200-day moving average is $24.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.31 and a current ratio of 2.31.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.09. The company had revenue of $152.19 million during the quarter, compared to analysts’ expectations of $151.00 million. ACM Research had a return on equity of 10.26% and a net margin of 13.79%. Sell-side analysts anticipate that ACM Research, Inc. will post 1 earnings per share for the current year.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and issued a $34.00 price target on shares of ACM Research in a report on Thursday, May 9th.

ACM Research Company 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.