Oasis Management Co Ltd. Sells 142,773 Shares of ACM Research, Inc. $ACMR

Oasis Management Co Ltd. cut its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 37.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,988 shares of the specialty retailer’s stock after selling 142,773 shares during the period. ACM Research comprises approximately 0.9% of Oasis Management Co Ltd.’s portfolio, making the stock its 12th largest position. Oasis Management Co Ltd.’s holdings in ACM Research were worth $9,156,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of ACM Research by 396.3% during the third quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock worth $13,187,000 after purchasing an additional 269,094 shares during the period. SG Americas Securities LLC acquired a new stake in ACM Research in the third quarter valued at $886,000. Hussman Strategic Advisors Inc. acquired a new stake in ACM Research in the third quarter valued at $2,054,000. State of Alaska Department of Revenue bought a new position in ACM Research during the 3rd quarter worth $1,011,000. Finally, Congress Asset Management Co. raised its position in ACM Research by 43.0% during the 3rd quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer’s stock worth $11,032,000 after purchasing an additional 84,747 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ACM Research news, Director Tracy Liu sold 15,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00. Following the completion of the sale, the director directly owned 110,772 shares in the company, valued at approximately $5,307,086.52. This trade represents a 11.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 25.00% of the company’s stock.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $46.38 on Friday. The company has a market capitalization of $2.82 billion, a PE ratio of 33.85 and a beta of 1.49. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09. ACM Research, Inc. has a twelve month low of $16.82 and a twelve month high of $71.65. The firm has a fifty day simple moving average of $55.72 and a 200 day simple moving average of $42.77.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen downgraded ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. Finally, Zacks Research raised ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $40.00.

ACM Research Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.