Boothbay Fund Management LLC Raises Stock Holdings in ACM Research, Inc. $ACMR

Boothbay Fund Management LLC lifted its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 25.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,120 shares of the specialty retailer’s stock after acquiring an additional 39,665 shares during the period. Boothbay Fund Management LLC owned 0.33% of ACM Research worth $7,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in ACM Research by 206.8% in the 3rd 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 last quarter. SBI Securities Co. Ltd. lifted 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 valued at $33,000 after purchasing an additional 367 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 1,122 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of ACM Research during the second quarter worth about $114,000. Finally, Strs Ohio purchased a new stake in shares of ACM Research during the first quarter worth about $133,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Up 2.5%

Shares of NASDAQ:ACMR opened at $46.38 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. ACM Research, Inc. has a 1 year low of $16.82 and a 1 year high of $71.65. The stock has a market capitalization of $2.82 billion, a P/E ratio of 33.85 and a beta of 1.49. The stock has a 50-day simple moving average of $55.72 and a 200-day simple moving average of $42.96.

Analyst Ratings Changes

A number of research firms have recently weighed in on ACMR. Weiss Ratings lowered shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 9th. Wall Street Zen lowered shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. Finally, Zacks Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $40.00.

Insiders Place Their Bets

In other ACM Research news, Director Tracy Liu sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the completion of the sale, the director directly owned 110,772 shares in the company, valued at $5,248,377.36. The trade was a 28.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.00% of the stock is currently owned by company insiders.

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.