14,500 Shares in ACM Research, Inc. $ACMR Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,500 shares of the specialty retailer’s stock, valued at approximately $568,000.

Other large investors also recently added to or reduced their stakes in the company. LSV Asset Management raised its holdings in shares of ACM Research by 462.9% during the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after acquiring an additional 2,059,405 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of ACM Research by 39.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock valued at $59,631,000 after purchasing an additional 649,116 shares during the period. Vanguard Group Inc. increased its position in ACM Research by 12.8% during the third quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock worth $189,640,000 after purchasing an additional 549,971 shares during the last quarter. Federated Hermes Inc. increased its position in ACM Research by 32.5% during the second quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock worth $36,822,000 after purchasing an additional 348,936 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in 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. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ACMR shares. Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a report on Sunday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

ACM Research Stock Down 7.0%

Shares of NASDAQ:ACMR opened at $44.92 on Friday. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 32.79 and a beta of 1.49. ACM Research, Inc. has a 12-month low of $16.82 and a 12-month high of $71.65. The business has a 50-day moving average price of $55.11 and a 200 day moving average price of $42.20. The company has a current ratio of 3.27, a quick ratio of 2.33 and a debt-to-equity ratio of 0.09.

ACM Research Company 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.