Oasis Management Co Ltd. Grows Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

Oasis Management Co Ltd. grew its position in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 373,709 shares of the specialty retailer's stock after purchasing an additional 85,830 shares during the period. ACM Research makes up about 1.3% of Oasis Management Co Ltd.'s investment portfolio, making the stock its 16th largest position. Oasis Management Co Ltd. owned approximately 0.65% of ACM Research worth $5,643,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in ACM Research by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after purchasing an additional 1,061 shares in the last quarter. Janus Henderson Group PLC raised its holdings in ACM Research by 29.8% in the fourth quarter. Janus Henderson Group PLC now owns 152,005 shares of the specialty retailer's stock valued at $2,295,000 after acquiring an additional 34,880 shares in the last quarter. Deutsche Bank AG boosted its stake in ACM Research by 22.9% during the 4th quarter. Deutsche Bank AG now owns 282,915 shares of the specialty retailer's stock valued at $4,272,000 after acquiring an additional 52,716 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in ACM Research during the 4th quarter worth $165,000. Finally, Bridgefront Capital LLC acquired a new position in ACM Research during the 4th quarter worth $191,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

Insider Activity at ACM Research

In other news, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction on Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the transaction, the director now directly owns 100,002 shares in the company, valued at approximately $3,000,060. This trade represents a 62.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David H. Wang sold 56,250 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $26.57, for a total value of $1,494,562.50. Following the completion of the sale, the insider now directly owns 747,708 shares in the company, valued at $19,866,601.56. This represents a 7.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 266,576 shares of company stock worth $7,693,575 in the last 90 days. Corporate insiders own 31.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ACMR shares. JPMorgan Chase & Co. initiated coverage on shares of ACM Research in a research report on Friday, February 28th. They set an "overweight" rating and a $36.00 price target on the stock. Needham & Company LLC reiterated a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. Finally, Craig Hallum upgraded shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.40.

ACM Research Trading Up 11.0%

Shares of ACMR stock opened at $24.62 on Tuesday. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The firm has a market capitalization of $1.45 billion, a PE ratio of 18.65 and a beta of 1.57. The stock has a fifty day moving average of $22.81 and a two-hundred day moving average of $20.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

ACM Research Company 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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