Osterweis Capital Management Inc. Has $4.89 Million Position in ACM Research, Inc. $ACMR

Key Points

• Osterweis Capital Management Inc. reduced its stake in ACM Research by 11.0%, selling 25,930 shares, and now owns approximately 0.36% of the company valued at $4.89 million.
• ACM Research reported a quarterly earnings per share (EPS) of $0.54, surpassing analysts' expectations of $0.42, despite revenue of $215.37 million being below the projected $223.42 million.
• Insider transactions included a sale of 60,000 shares by insider David H. Wang, reflecting an 8.19% decrease in his position, as insiders collectively sold 105,000 shares in the last 90 days.

Osterweis Capital Management Inc. lowered its stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 11.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,561 shares of the specialty retailer's stock after selling 25,930 shares during the period. Osterweis Capital Management Inc. owned approximately 0.36% of ACM Research worth $4,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Triata Capital Ltd lifted its stake in ACM Research by 33.5% in the 1st quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer's stock valued at $32,002,000 after acquiring an additional 344,158 shares in the last quarter. Versor Investments LP bought a new stake in ACM Research in the 1st quarter valued at approximately $329,000. FCG Investment Co lifted its stake in ACM Research by 78.4% in the 1st quarter. FCG Investment Co now owns 35,300 shares of the specialty retailer's stock valued at $824,000 after acquiring an additional 15,518 shares in the last quarter. Algert Global LLC lifted its stake in ACM Research by 4.0% in the 1st quarter. Algert Global LLC now owns 127,307 shares of the specialty retailer's stock valued at $2,971,000 after acquiring an additional 4,843 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in ACM Research by 13.6% in the 1st quarter. American Century Companies Inc. now owns 121,672 shares of the specialty retailer's stock valued at $2,840,000 after acquiring an additional 14,590 shares in the last quarter. Institutional investors own 66.75% of the company's stock.

Insider Activity at ACM Research

In other ACM Research news, Director Tracy Liu sold 15,000 shares of the business'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 transaction, the director 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 this link. Also, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the insider directly owned 50,001 shares in the company, valued at $1,400,028. This trade represents a 23.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $1,260,000 in the last ninety days. Insiders own 25.00% of the company's stock.

ACM Research Stock Up 19.2%

NASDAQ ACMR traded up $4.92 during trading on Friday, hitting $30.53. The stock had a trading volume of 5,775,110 shares, compared to its average volume of 1,301,661. The company has a market capitalization of $1.81 billion, a PE ratio of 18.50 and a beta of 1.36. The company's 50-day moving average price is $27.54 and its two-hundred day moving average price is $24.87. 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 12 month low of $13.87 and a 12 month high of $32.54.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. As a group, sell-side analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current year.

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.