Bayforest Capital Ltd Makes New Investment in ACM Research, Inc. $ACMR

Bayforest Capital Ltd acquired a new position in ACM Research, Inc. (NASDAQ:ACMR) during the first quarter, Holdings Channel.com reports. The firm acquired 52,804 shares of the specialty retailer’s stock, valued at approximately $1,232,000. ACM Research makes up approximately 0.5% of Bayforest Capital Ltd’s portfolio, making the stock its 16th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in ACMR. Tower Research Capital LLC TRC lifted its holdings in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of ACM Research by 9.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,267 shares of the specialty retailer’s stock valued at $548,000 after purchasing an additional 3,031 shares in the last quarter. Northern Trust Corp raised its stake in shares of ACM Research by 9.9% in the 4th quarter. Northern Trust Corp now owns 534,243 shares of the specialty retailer’s stock valued at $8,067,000 after purchasing an additional 47,953 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of ACM Research in the 4th quarter valued at about $165,000. Finally, Deutsche Bank AG raised its stake in shares of ACM Research by 22.9% in the 4th quarter. Deutsche Bank AG now owns 282,915 shares of the specialty retailer’s stock valued at $4,272,000 after purchasing an additional 52,716 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Stock Performance

Shares of ACM Research stock opened at $26.97 on Tuesday. The firm has a market cap of $1.60 billion, a PE ratio of 16.35 and a beta of 1.44. The firm’s 50-day simple moving average is $28.11 and its 200-day simple moving average is $25.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.49 and a current ratio of 2.45. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $32.54.

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, beating analysts’ consensus estimates of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The business had revenue of $215.37 million for the quarter, compared to analyst estimates of $223.42 million. During the same quarter in the prior year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities 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 related news, insider Lisa Feng sold 15,000 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were 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 of the company’s stock, valued at $1,400,028. This represents a 23.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jian Wang sold 30,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.00, for a total transaction of $960,000.00. Following the sale, the insider directly owned 253,158 shares of the company’s stock, valued at approximately $8,101,056. This represents a 10.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 246,152 shares of company stock worth $6,914,160. 25.00% of the stock is owned by company 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.