Portolan Capital Management LLC Makes New $15.88 Million Investment in ACM Research, Inc. $ACMR

Portolan Capital Management LLC purchased a new stake in ACM Research, Inc. (NASDAQ:ACMR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 405,860 shares of the specialty retailer’s stock, valued at approximately $15,881,000. Portolan Capital Management LLC owned about 0.68% of ACM Research at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of ACM Research by 12.8% during the third quarter. Vanguard Group Inc. now owns 4,846,413 shares of the specialty retailer’s stock worth $189,640,000 after acquiring an additional 549,971 shares during the last quarter. LSV Asset Management boosted its holdings 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 valued at $97,993,000 after acquiring an additional 2,059,405 shares during the last quarter. Triata Capital Ltd increased its position in ACM Research by 26.0% during the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after purchasing an additional 413,000 shares during the period. Federated Hermes Inc. increased its position in ACM Research by 32.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock valued at $36,822,000 after purchasing an additional 348,936 shares during the period. Finally, Geode Capital Management LLC raised its holdings 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 worth $32,069,000 after purchasing an additional 21,366 shares during the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

ACM Research Trading Up 2.5%

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

Insider Activity

In other ACM Research news, Director Tracy Liu sold 45,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the transaction, the director directly owned 110,772 shares in the company, valued at approximately $5,248,377.36. This represents a 28.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 25.00% of the company’s stock.

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.