Kendall Capital Management Has $3 Million Stock Position in ACM Research, Inc. $ACMR

Kendall Capital Management increased its position in shares of ACM Research, Inc. (NASDAQ:ACMR) by 42.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,771 shares of the specialty retailer’s stock after acquiring an additional 22,716 shares during the period. Kendall Capital Management’s holdings in ACM Research were worth $3,004,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACMR. Jones Financial Companies Lllp increased its position 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 purchasing an additional 515 shares during the period. SBI Securities Co. Ltd. raised 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 purchasing an additional 367 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of ACM Research by 656.1% in the second 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 in the last quarter. Headlands Technologies LLC bought a new position in ACM Research in the 2nd quarter valued at about $114,000. Finally, Lazard Asset Management LLC boosted its position in shares of ACM Research by 27.9% during the second 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 last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACMR has been the topic of a number of research analyst reports. Wall Street Zen downgraded ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday. Zacks Research upgraded shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $40.00.

ACM Research Price Performance

Shares of ACM Research stock opened at $48.06 on Wednesday. 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. The business’s 50 day simple moving average is $55.40 and its two-hundred day simple moving average is $42.59. The stock has a market capitalization of $2.92 billion, a P/E ratio of 35.08 and a beta of 1.49.

ACM Research 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.