Osterweis Capital Management Inc. Sells 49,765 Shares of ACM Research, Inc. (NASDAQ:ACMR)

Osterweis Capital Management Inc. lowered its holdings in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,491 shares of the specialty retailer's stock after selling 49,765 shares during the period. Osterweis Capital Management Inc. owned about 0.41% of ACM Research worth $3,556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ACM Research during the fourth quarter valued at $33,000. Picton Mahoney Asset Management lifted its position in shares of ACM Research by 66.2% in the fourth quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock worth $47,000 after purchasing an additional 1,236 shares in the last quarter. Federated Hermes Inc. grew its position in ACM Research by 42.0% during the fourth quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock valued at $125,000 after purchasing an additional 2,447 shares in the last quarter. Ieq Capital LLC acquired a new position in ACM Research in the 4th quarter valued at approximately $162,000. Finally, Aristides Capital LLC purchased a new stake in ACM Research in the 4th quarter worth approximately $204,000. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research note on Thursday, February 27th. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. assumed coverage on ACM Research in a research note on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.40.

ACM Research Stock Down 1.9 %

ACM Research stock traded down $0.37 during mid-day trading on Friday, hitting $19.36. 1,252,498 shares of the company's stock were exchanged, compared to its average volume of 1,467,551. ACM Research, Inc. has a 1-year low of $13.87 and a 1-year high of $30.64. The stock has a 50 day moving average of $24.31 and a two-hundred day moving average of $20.25. The stock has a market cap of $1.12 billion, a P/E ratio of 14.67 and a beta of 1.65. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

Insider Activity

In related news, Director Haiping Dun sold 9,518 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $29.00, for a total value of $276,022.00. Following the transaction, the director now directly owns 755,090 shares in the company, valued at approximately $21,897,610. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Chenming Hu sold 163,308 shares of the business's 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 of the company's stock, valued at approximately $3,000,060. This represents a 62.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 289,174 shares of company stock valued at $8,213,329. Insiders own 31.24% of the company's stock.

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.