20,542 Shares in ACM Research, Inc. $ACMR Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management purchased a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,542 shares of the specialty retailer’s stock, valued at approximately $804,000.

Several other hedge funds have also recently added to or reduced their stakes in ACMR. Jones Financial Companies Lllp lifted its stake in ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 515 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of ACM Research by 78.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 367 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 1,122 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of ACM Research during the 2nd quarter valued at about $114,000. Finally, Strs Ohio bought a new stake in ACM Research in the 1st quarter worth approximately $133,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Stock Down 7.0%

ACMR opened at $44.92 on Friday. The company has a market cap of $2.73 billion, a P/E ratio of 32.79 and a beta of 1.49. The business’s 50-day moving average price is $55.11 and its 200-day moving average price is $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, Inc. has a 12 month low of $16.82 and a 12 month high of $71.65.

Analyst Ratings Changes

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

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.