Oasis Management Co Ltd. Sells 142,773 Shares of ACM Research, Inc. $ACMR

Key Points

• Oasis Management trimmed its stake in ACM Research by 37.9% in Q3, selling 142,773 shares and leaving it with 233,988 shares valued at about $9.16 million, making ACMR its 12th largest holding.
• Director Tracy Liu sold 45,000 shares on March 10 at an average price of $47.38, reducing her ownership by 28.9% to 110,772 shares.
• About 66.8% of the stock is held by institutions and 25% by insiders, while analyst coverage is mixed with an average "Buy" rating and a $40 price target; ACMR has a $2.82 billion market cap and a 52‑week range of $16.82–$71.65.

Oasis Management Co Ltd. trimmed its position in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 37.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 233,988 shares of the specialty retailer's stock after selling 142,773 shares during the quarter. ACM Research accounts for 0.9% of Oasis Management Co Ltd.'s holdings, making the stock its 12th largest holding. Oasis Management Co Ltd. owned 0.39% of ACM Research worth $9,156,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ACMR. Comerica Bank boosted its holdings in shares of ACM Research by 113,076.9% in the 3rd quarter. Comerica Bank now owns 14,713 shares of the specialty retailer's stock valued at $576,000 after purchasing an additional 14,700 shares in the last quarter. Portolan Capital Management LLC bought a new position in shares of ACM Research in the 3rd quarter valued at $15,881,000. Dodge & Cox raised its holdings in shares of ACM Research by 51.5% during the 3rd quarter. Dodge & Cox now owns 122,892 shares of the specialty retailer's stock worth $4,809,000 after buying an additional 41,800 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of ACM Research during the 3rd quarter worth $387,000. Finally, Eschler Asset Management LLP bought a new stake in shares of ACM Research during the 3rd quarter worth $544,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ACM Research

In other ACM Research news, Director Tracy Liu sold 45,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total value of $2,132,100.00. Following the completion of the transaction, the director directly owned 110,772 shares in the company, valued at approximately $5,248,377.36. This trade represents a 28.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 25.00% of the stock is currently owned by insiders.

ACM Research Stock Up 2.5%

Shares of ACMR opened at $46.38 on Friday. ACM Research, Inc. has a 52 week low of $16.82 and a 52 week high of $71.65. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 33.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. The stock has a fifty day moving average of $55.72 and a 200-day moving average of $42.77.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen lowered ACM Research from a "hold" rating to a "sell" rating in a research note on Sunday, March 8th. Weiss Ratings downgraded ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday. Finally, Zacks Research upgraded shares of ACM Research from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $40.00.

ACM Research Company Profile

ACM Research, Inc NASDAQ: ACMR designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.

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