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

Key Points

• Osterweis Capital Management Inc. reduced its stake in ACM Research, Inc. by 11.0%, holding 209,561 shares worth approximately $4.89 million as of the latest SEC filing.
• UBS Asset Management and Federated Hermes have significantly increased their stakes in ACM Research, with UBS boosting its ownership by over 1,400% and Federated Hermes by more than 12,800% recently.
• ACM Research reported earnings of $0.54 EPS for the last quarter, surpassing analysts' expectations, despite a year-over-year revenue growth of 6.4%.

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

A number of other large investors also recently made changes to their positions in ACMR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of ACM Research by 1,418.5% in 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 valued at $17,738,000 after purchasing an additional 1,097,358 shares during the period. Federated Hermes Inc. lifted its stake in shares of ACM Research by 12,871.6% in the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after purchasing an additional 1,064,482 shares during the period. Triata Capital Ltd bought a new stake in shares of ACM Research in the 4th quarter valued at $15,507,000. Broad Bay Capital Management LP bought a new stake in shares of ACM Research in the 1st quarter valued at $21,134,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of ACM Research in the 4th quarter valued at $10,549,000. Institutional investors and hedge funds own 66.75% of the company's stock.

Insiders Place Their Bets

In related news, insider Lisa Feng sold 15,000 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the sale, the insider owned 50,001 shares in the company, valued at $1,400,028. This represents a 23.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jian Wang sold 30,000 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $32.00, for a total transaction of $960,000.00. Following the completion of the sale, the insider 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. Insiders have sold 246,152 shares of company stock worth $6,914,160 over the last 90 days. 25.00% of the stock is currently owned by corporate insiders.

ACM Research Price Performance

ACMR opened at $30.10 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. The company has a fifty day simple moving average of $28.20 and a 200 day simple moving average of $25.26. The stock has a market cap of $1.78 billion, a P/E ratio of 18.24 and a beta of 1.43.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 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 during the quarter, compared to analysts' expectations of $223.42 million. During the same quarter in the prior year, the company earned $0.55 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that ACM Research, Inc. will post 1.17 EPS for the current year.

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.

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