Osterweis Capital Management Inc. Sells 25,930 Shares of 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. cut its holdings 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 Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triata Capital Ltd increased its holdings in ACM Research by 33.5% during the 1st quarter. Triata Capital Ltd now owns 1,371,125 shares of the specialty retailer's stock worth $32,002,000 after purchasing an additional 344,158 shares in the last quarter. Invesco Ltd. grew its holdings in ACM Research by 18.2% during the first quarter. Invesco Ltd. now owns 1,339,102 shares of the specialty retailer's stock worth $31,255,000 after buying an additional 206,149 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 buying an additional 1,097,358 shares during the last quarter. Federated Hermes Inc. lifted its stake in ACM Research by 12,871.6% during the 1st quarter. Federated Hermes Inc. now owns 1,072,752 shares of the specialty retailer's stock valued at $25,038,000 after acquiring an additional 1,064,482 shares in the last quarter. Finally, Broad Bay Capital Management LP purchased a new position in ACM Research during the 1st quarter worth $21,134,000. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Up 5.0%

Shares of NASDAQ ACMR traded up $1.55 during trading on Wednesday, hitting $32.49. The stock had a trading volume of 2,022,781 shares, compared to its average volume of 1,439,672. The firm has a fifty day moving average of $28.32 and a two-hundred day moving average of $25.36. The company has a market capitalization of $1.92 billion, a PE ratio of 19.71 and a beta of 1.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $33.47.

ACM Research (NASDAQ:ACMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.12. The business had revenue of $215.37 million for the quarter, compared to analysts' expectations of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. As a group, equities research analysts forecast that ACM Research, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity at ACM Research

In related news, insider Jian Wang sold 30,000 shares of ACM Research stock in a transaction on Monday, August 25th. The stock was 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 in the company, valued at approximately $8,101,056. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tracy Liu sold 15,000 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the transaction, the director owned 110,772 shares of the company's stock, valued at $3,323,160. This trade represents a 11.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 246,152 shares of company stock valued at $6,914,160 in the last ninety days. Insiders own 25.00% of the company's stock.

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.