E Fund Management Co. Ltd. Invests $812,000 in ACM Research, Inc. (NASDAQ:ACMR)

E Fund Management Co. Ltd. purchased a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 34,800 shares of the specialty retailer’s stock, valued at approximately $812,000. E Fund Management Co. Ltd. owned approximately 0.06% of ACM Research as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Kerrisdale Advisers LLC raised its holdings in shares of ACM Research by 550.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock worth $29,415,000 after buying an additional 1,648,685 shares in the last quarter. Invesco Ltd. raised its holdings in shares of ACM Research by 18.2% during the 1st quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer’s stock worth $31,255,000 after buying an additional 206,149 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of ACM Research by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer’s stock worth $17,896,000 after buying an additional 4,131 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of ACM Research by 1,418.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer’s stock worth $17,738,000 after buying an additional 1,097,358 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of ACM Research by 12,871.6% during the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer’s stock worth $25,038,000 after buying an additional 1,064,482 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Price Performance

ACM Research stock opened at $25.47 on Thursday. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $32.54. The stock has a fifty day moving average of $27.40 and a 200-day moving average of $24.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. The stock has a market capitalization of $1.51 billion, a P/E ratio of 15.44 and a beta of 1.36.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $215.37 million during the quarter, compared to analysts’ expectations of $223.42 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ACM Research news, insider David H. Wang sold 70,000 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total value of $1,652,000.00. Following the completion of the transaction, the insider owned 672,708 shares of the company’s stock, valued at $15,875,908.80. This represents a 9.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 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 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 90 days. Corporate insiders own 25.00% of the company’s stock.

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.