Teachers Retirement System of The State of Kentucky Invests $568,000 in ACM Research, Inc. $ACMR

Teachers Retirement System of The State of Kentucky acquired a new position in shares of ACM Research, Inc. (NASDAQ:ACMR) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 14,500 shares of the specialty retailer’s stock, valued at approximately $568,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in ACM Research by 206.8% in the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 515 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of ACM Research by 78.9% during the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock worth $33,000 after buying an additional 367 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of ACM Research by 656.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after buying an additional 1,122 shares during the period. Headlands Technologies LLC acquired a new stake in shares of ACM Research in the second quarter valued at $114,000. Finally, Lazard Asset Management LLC raised its holdings in shares of ACM Research by 27.9% in the 2nd quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 1,145 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analysts Set New Price Targets

ACMR has been the topic 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 ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Zacks Research upgraded shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, ACM Research presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

ACM Research Stock Performance

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

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.