Intech Investment Management LLC Sells 12,613 Shares of ACM Research, Inc. $ACMR

Intech Investment Management LLC cut its holdings in ACM Research, Inc. (NASDAQ:ACMR) by 34.5% in the third quarter, Holdings Channel reports. The fund owned 23,918 shares of the specialty retailer’s stock after selling 12,613 shares during the quarter. Intech Investment Management LLC’s holdings in ACM Research were worth $936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ACMR. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in ACM Research in the 3rd quarter worth approximately $831,000. GSA Capital Partners LLP purchased a new stake in ACM Research in the third quarter valued at $447,000. Vanguard Group Inc. grew its holdings 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 acquiring an additional 549,971 shares during the period. MidWestOne Financial Group Inc. purchased a new position in shares of ACM Research during the 3rd quarter valued at approximately $281,000. Finally, Public Sector Pension Investment Board purchased a new position in ACM Research in the third quarter valued at $8,026,000. Institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ACMR shares. Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen downgraded ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Zacks Research upgraded 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 issued a Hold rating to the company. According to data from MarketBeat, ACM Research has a consensus rating of “Moderate Buy” and an average price target of $40.00.

ACM Research Trading Down 7.0%

ACMR opened at $44.92 on Monday. The business has a fifty day moving average price of $55.11 and a 200 day moving average price of $42.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.27 and a quick ratio of 2.33. ACM Research, Inc. has a 12 month low of $16.82 and a 12 month high of $71.65. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 32.79 and a beta of 1.49.

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.