Intech Investment Management LLC Sells 12,613 Shares of ACM Research, Inc. $ACMR

Intech Investment Management LLC reduced its stake in shares of ACM Research, Inc. (NASDAQ:ACMR) by 34.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,918 shares of the specialty retailer’s stock after selling 12,613 shares during the quarter. Intech Investment Management LLC’s holdings in ACM Research were worth $936,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in ACM Research by 12.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock valued at $189,640,000 after acquiring an additional 549,971 shares in the last quarter. LSV Asset Management grew its stake in ACM Research by 462.9% in the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock worth $97,993,000 after purchasing an additional 2,059,405 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of ACM Research by 39.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,302,351 shares of the specialty retailer’s stock worth $59,631,000 after buying an additional 649,116 shares during the period. Federated Hermes Inc. increased its stake in shares of ACM Research by 32.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock worth $36,822,000 after acquiring an additional 348,936 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in ACM Research by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,238,031 shares of the specialty retailer’s stock valued at $32,069,000 after acquiring an additional 21,366 shares during the period. Institutional investors own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

ACM Research Stock Performance

ACMR opened at $44.92 on Monday. The company’s 50 day moving average is $55.11 and its 200 day moving average is $42.32. The company has a current ratio of 3.27, a quick ratio of 2.33 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, Inc. has a 12-month low of $16.82 and a 12-month high of $71.65.

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.