ACM Research, Inc. (NASDAQ:ACMR) Shares Sold by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG has reduced its stake in ACM Research, Inc. by 28.6%, selling 200,000 shares to now hold 500,000 shares valued at approximately $12.3 million.
• Several institutional investors have increased their holdings in ACM Research, with Federated Hermes Inc. notably raising its stake by 12,871.6% in the first quarter, now owning over 1 million shares.
• Insiders have sold a combined total of 175,000 shares of ACM Research stock, valued at around $4.27 million, indicating a decrease in their ownership during the past three months.

Raiffeisen Bank International AG decreased its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 28.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 500,000 shares of the specialty retailer's stock after selling 200,000 shares during the period. Raiffeisen Bank International AG owned 0.85% of ACM Research worth $12,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ACMR. XTX Topco Ltd purchased a new stake in ACM Research in the first quarter worth approximately $1,141,000. Harvest Fund Management Co. Ltd purchased a new position in shares of ACM Research during the 1st quarter worth $114,000. Federated Hermes Inc. raised its position in shares of 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 purchasing an additional 1,064,482 shares during the period. Picton Mahoney Asset Management raised its position in shares of ACM Research by 297.4% during the 1st quarter. Picton Mahoney Asset Management now owns 12,334 shares of the specialty retailer's stock valued at $288,000 after purchasing an additional 9,230 shares during the period. Finally, Bryce Point Capital LLC bought a new stake in ACM Research in the 1st quarter valued at $761,000. Institutional investors own 66.75% of the company's stock.

Insiders Place Their Bets

In other ACM Research news, insider Lisa Feng sold 15,000 shares of the business's stock in a transaction dated 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 directly owned 50,001 shares of the company's stock, valued at $1,400,028. The trade was a 23.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David H. Wang sold 70,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total transaction of $1,652,000.00. Following the completion of the sale, the insider directly owned 672,708 shares of the company's stock, valued at $15,875,908.80. The trade was a 9.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,000 shares of company stock valued at $4,269,800 in the last three months. Corporate insiders own 25.00% of the company's stock.

ACM Research Price Performance

NASDAQ ACMR traded up $1.26 on Monday, reaching $30.74. The company had a trading volume of 849,498 shares, compared to its average volume of 1,409,316. ACM Research, Inc. has a 12 month low of $13.87 and a 12 month high of $32.54. The stock has a market capitalization of $1.81 billion, a PE ratio of 19.71 and a beta of 1.36. The firm's 50 day moving average price is $26.90 and its 200 day moving average price is $24.16. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.12.

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.