Picton Mahoney Asset Management Acquires Shares of 20,542 ACM Research, Inc. $ACMR

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

Several other institutional investors and hedge funds have also recently made changes to their positions in ACMR. Jones Financial Companies Lllp raised its holdings in ACM Research by 206.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 515 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 during the period. SBI Securities Co. Ltd. grew its holdings in ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. Headlands Technologies LLC bought a new stake in ACM Research in the 2nd quarter worth $114,000. Finally, Strs Ohio purchased a new position in shares of ACM Research in the first quarter valued at about $133,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Stock Performance

Shares of ACMR stock opened at $44.92 on Friday. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 32.79 and a beta of 1.49. The stock has a fifty day moving average of $55.11 and a 200 day moving average of $42.20. ACM Research, Inc. has a 52 week low of $16.82 and a 52 week high of $71.65. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09.

Wall Street Analyst Weigh In

ACMR has been the subject of several recent analyst reports. 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. Wall Street Zen cut 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently 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.