Osterweis Capital Management Inc. Cuts Stock Position in ACM Research, Inc. (NASDAQ:ACMR)

Osterweis Capital Management Inc. decreased its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 35.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 363,136 shares of the specialty retailer’s stock after selling 199,850 shares during the quarter. Osterweis Capital Management Inc. owned about 0.65% of ACM Research worth $7,096,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Prelude Capital Management LLC bought a new position in shares of ACM Research during the fourth quarter valued at $8,640,000. Point72 Hong Kong Ltd increased its stake in ACM Research by 16.5% during the 4th quarter. Point72 Hong Kong Ltd now owns 496,494 shares of the specialty retailer’s stock valued at $9,701,000 after purchasing an additional 70,227 shares in the last quarter. Trexquant Investment LP raised its holdings in ACM Research by 8.1% in the fourth quarter. Trexquant Investment LP now owns 18,543 shares of the specialty retailer’s stock worth $362,000 after buying an additional 1,383 shares during the last quarter. UBS Group AG lifted its stake in shares of ACM Research by 6.6% in the fourth quarter. UBS Group AG now owns 560,250 shares of the specialty retailer’s stock worth $10,947,000 after buying an additional 34,928 shares in the last quarter. Finally, Strategic Advocates LLC purchased a new stake in shares of ACM Research during the fourth quarter valued at approximately $214,000. 66.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Benchmark boosted their price objective on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. The Goldman Sachs Group upgraded ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, February 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of ACM Research in a research report on Thursday, May 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $31.88.

Insider Activity

In related news, insider Jian Wang sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $22.07, for a total value of $662,100.00. Following the transaction, the insider now owns 253,158 shares of the company’s stock, valued at $5,587,197.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $22.07, for a total value of $662,100.00. Following the completion of the sale, the insider now directly owns 253,158 shares in the company, valued at approximately $5,587,197.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David H. Wang sold 90,000 shares of ACM Research stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $22.81, for a total value of $2,052,900.00. Following the transaction, the insider now owns 590,108 shares in the company, valued at $13,460,363.48. The disclosure for this sale can be found here. Insiders sold 240,329 shares of company stock valued at $5,440,934 in the last quarter. 31.24% of the stock is currently owned by insiders.

ACM Research Price Performance

Shares of ACMR opened at $23.54 on Friday. The firm has a fifty day simple moving average of $25.13 and a two-hundred day simple moving average of $23.08. The firm has a market cap of $1.34 billion, a PE ratio of 17.83 and a beta of 1.44. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.06. ACM Research, Inc. has a 1-year low of $11.14 and a 1-year high of $34.40.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.30 EPS for the quarter, topping the consensus estimate of $0.21 by $0.09. ACM Research had a return on equity of 10.26% and a net margin of 13.79%. The company had revenue of $152.19 million during the quarter, compared to analyst estimates of $151.00 million. On average, equities analysts anticipate that ACM Research, Inc. will post 1 EPS for the current year.

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.