Picton Mahoney Asset Management Purchases 9,230 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Key Points

• Picton Mahoney Asset Management significantly increased its stake in ACM Research, Inc. by 297.4%, acquiring a total of 12,334 shares worth about $288,000 after buying an additional 9,230 shares.
• Several institutional investors have also shown strong interest, with Kerrisdale Advisers LLC boosting its stake by 550.8% and holding over 1.9 million shares valued at approximately $29.4 million.
• Insider transactions included a notable sale of 60,000 shares by insider David H. Wang, reducing his ownership by 8.19%, highlighting ongoing trading activity within the company.

Picton Mahoney Asset Management increased its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 297.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,334 shares of the specialty retailer's stock after purchasing an additional 9,230 shares during the period. Picton Mahoney Asset Management's holdings in ACM Research were worth $288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of ACM Research by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,201,403 shares of the specialty retailer's stock worth $63,441,000 after buying an additional 67,255 shares during the period. Kerrisdale Advisers LLC grew its holdings in shares of ACM Research by 550.8% in the fourth quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer's stock worth $29,415,000 after purchasing an additional 1,648,685 shares during the last quarter. Geode Capital Management LLC increased its stake in ACM Research by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,184,872 shares of the specialty retailer's stock worth $17,896,000 after buying an additional 4,131 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in ACM Research by 1,418.5% during 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 in the last quarter. Finally, Triata Capital Ltd bought a new position in ACM Research in the 4th quarter worth about $15,507,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Trading Down 2.9%

Shares of ACM Research stock traded down $0.88 on Friday, hitting $29.48. 1,090,320 shares of the company traded hands, compared to its average volume of 863,050. The company has a current ratio of 2.46, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.73 billion, a PE ratio of 18.90 and a beta of 1.36. The stock's 50 day moving average price is $26.90 and its 200-day moving average price is $24.11. ACM Research, Inc. has a 52 week low of $13.87 and a 52 week high of $32.54.

Insiders Place Their Bets

In other ACM Research news, insider David H. Wang sold 60,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $22.63, for a total transaction of $1,357,800.00. Following the transaction, the insider owned 672,708 shares of the company's stock, valued at approximately $15,223,382.04. This trade represents a 8.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total transaction of $450,000.00. Following the completion of the sale, the director owned 110,772 shares of the company's stock, valued at approximately $3,323,160. This represents a 11.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,000 shares of company stock worth $4,269,800. 25.00% of the stock is currently owned by company insiders.

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.