ACM Research stock rises after a fund increases its holding

ACM Research shares have risen after Hong Kong-based Triata Capital expanded its holding. Triata added 413,000 shares in the third quarter, bringing its position to roughly $78 million.

ACM Research has seen a noticeable rise in its share price after a Hong Kong-based fund increased its stake. Triata Capital reported adding 413,000 ACM Research shares in the third quarter. The fund's holding grew to about 2 million shares and was valued at roughly $78 million at quarter-end. Analysts and market reports have highlighted the move in connection with demand for semiconductor equipment. What was announced: - Triata Capital filed with the SEC that it added 413,000 ACM Research shares in Q3. - The post-trade position was about 2 million shares, reported as worth around $78 million. - ACM Research develops wafer-cleaning and plating equipment for semiconductor manufacturing. Summary: The larger stake made ACM Research a notable holding for Triata and coincided with a strong run in the stock. Undetermined at this time.