Raiffeisen Bank International AG Decreases Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

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

Other hedge funds have also modified their holdings of the company. Man Group plc purchased a new stake in shares of ACM Research in the fourth quarter worth about $370,000. Aristides Capital LLC purchased a new position in ACM Research during the fourth quarter worth approximately $204,000. Raymond James Financial Inc. purchased a new position in ACM Research during the fourth quarter worth approximately $1,294,000. Norges Bank purchased a new position in ACM Research during the fourth quarter worth approximately $4,379,000. Finally, GAMMA Investing LLC boosted its position in ACM Research by 4,309.2% during the first quarter. GAMMA Investing LLC now owns 19,092 shares of the specialty retailer's stock worth $446,000 after purchasing an additional 18,659 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider David H. Wang sold 70,000 shares of the firm'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 value of $1,652,000.00. Following the transaction, the insider owned 672,708 shares in the company, valued at $15,875,908.80. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lisa Feng sold 15,000 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 50,001 shares in the company, valued at approximately $1,400,028. This trade represents a 23.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,000 shares of company stock worth $4,269,800 over the last quarter. 25.00% of the stock is currently owned by corporate insiders.

ACM Research Price Performance

ACMR stock traded down $4.11 during mid-day trading on Wednesday, reaching $25.55. 2,985,764 shares of the company's stock were exchanged, compared to its average volume of 1,419,792. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 16.23 and a beta of 1.36. The stock's 50 day moving average is $27.19 and its 200 day moving average is $24.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.49. ACM Research, Inc. has a 12-month low of $13.87 and a 12-month high of $32.54.

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.