Portolan Capital Management LLC Buys New Shares in ACM Research, Inc. $ACMR

Portolan Capital Management LLC bought a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 405,860 shares of the specialty retailer’s stock, valued at approximately $15,881,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACMR. LSV Asset Management raised its holdings in shares of ACM Research by 462.9% during the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after purchasing an additional 2,059,405 shares during the period. Vanguard Group Inc. grew its stake in shares of ACM Research by 12.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock valued at $189,640,000 after buying an additional 549,971 shares during the period. Triata Capital Ltd grew its stake in shares of ACM Research by 26.0% in the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after buying an additional 413,000 shares during the period. Federated Hermes Inc. increased its position in ACM Research by 32.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock valued at $36,822,000 after buying an additional 348,936 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in ACM Research by 396.3% in the 3rd quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock valued at $13,187,000 after buying an additional 269,094 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACMR has been the topic of several recent research reports. Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Wall Street Zen lowered ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $40.00.

Insiders Place Their Bets

In related news, Director Tracy Liu sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total value of $2,132,100.00. Following the transaction, the director owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. This trade represents a 28.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 25.00% of the company’s stock.

ACM Research Stock Up 2.5%

Shares of NASDAQ ACMR opened at $46.38 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.27 and a quick ratio of 2.33. The company has a 50-day moving average price of $55.72 and a 200-day moving average price of $42.77. The stock has a market capitalization of $2.82 billion, a P/E ratio of 33.85 and a beta of 1.49. ACM Research, Inc. has a 1 year low of $16.82 and a 1 year high of $71.65.

About ACM Research

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.