18,601 Shares in ACM Research, Inc. $ACMR Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC purchased a new position in ACM Research, Inc. (NASDAQ:ACMR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,601 shares of the specialty retailer’s stock, valued at approximately $728,000.

A number of other hedge funds have also recently added to or reduced their stakes in ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of ACM Research by 10.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after purchasing an additional 3,065 shares during the period. Caxton Associates LLP bought a new position in shares of ACM Research in the 1st quarter worth $250,000. Strs Ohio acquired a new stake in ACM Research in the 1st quarter valued at $133,000. Resona Asset Management Co. Ltd. increased its stake in ACM Research by 14.9% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 7,730 shares of the specialty retailer’s stock valued at $199,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Savant Capital LLC bought a new stake in ACM Research during the 2nd quarter valued at $344,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Stock Performance

Shares of ACMR stock opened at $47.88 on Thursday. The firm has a 50-day moving average of $55.57 and a 200-day moving average of $42.62. The company has a market cap of $2.91 billion, a P/E ratio of 34.95 and a beta of 1.49. 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 one year low of $16.82 and a one year high of $71.65.

Analysts Set New Price Targets

ACMR has been the topic of several research reports. Wall Street Zen downgraded shares of ACM Research from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings downgraded shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, ACM Research presently has an average rating of “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.