ACM Research, Inc. $ACMR Holdings Trimmed by Osterweis Capital Management Inc.

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. cut its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 209,561 shares of the specialty retailer's stock after selling 25,930 shares during the quarter. Osterweis Capital Management Inc. owned 0.36% of ACM Research worth $4,891,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. KBC Group NV purchased a new stake in ACM Research during the first quarter valued at about $29,000. Tower Research Capital LLC TRC lifted its stake in shares of ACM Research by 506.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 1,685 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of ACM Research by 871.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock worth $109,000 after acquiring an additional 4,192 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in ACM Research during the first quarter valued at approximately $114,000. Finally, Palouse Capital Management Inc. raised its stake in ACM Research by 76.0% during the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock valued at $119,000 after buying an additional 2,208 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insider Activity at ACM Research

In related news, Director Tracy Liu sold 15,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total value 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. This represents a 11.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lisa Feng sold 15,000 shares of the 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 completion of the transaction, the insider directly owned 50,001 shares of the company's stock, valued at $1,400,028. This trade represents a 23.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $1,260,000 over the last ninety days. Corporate insiders own 25.00% of the company's stock.

ACM Research Stock Down 4.2%

NASDAQ ACMR traded down $1.2830 on Monday, hitting $29.2470. 1,410,933 shares of the stock traded hands, compared to its average volume of 1,437,655. The company has a market capitalization of $1.73 billion, a P/E ratio of 17.70 and a beta of 1.36. The stock has a 50-day moving average of $27.54 and a 200 day moving average of $24.88. ACM Research, Inc. has a twelve month low of $13.87 and a twelve month high of $32.54. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.14.

ACM Research (NASDAQ:ACMR - Get Free Report) last posted 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 company had revenue of $215.37 million during the quarter, compared to analyst estimates of $223.42 million. ACM Research had a return on equity of 9.57% and a net margin of 13.76%.The business's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. As a group, analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

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.