Kendall Capital Management Purchases 22,716 Shares of ACM Research, Inc. $ACMR

Key Points

• Kendall Capital Management boosted its stake in ACM Research (NASDAQ:ACMR) by 42%, buying 22,716 shares to hold 76,771 shares (~0.13% ownership) valued at about $3.00 million; overall institutional ownership is roughly 66.75%.
• Analyst coverage is mixed but MarketBeat shows a consensus Buy with a $40 price target, following recent moves such as Zacks upgrading to Strong-Buy and other firms issuing downgrades.
• ACM Research, a maker of semiconductor wet‑processing equipment, trades around $48 with a market cap of about $2.92 billion, a P/E of ~35.1, and a 52‑week range of $16.82–$71.65.

Kendall Capital Management lifted its stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) by 42.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,771 shares of the specialty retailer's stock after buying an additional 22,716 shares during the period. Kendall Capital Management owned about 0.13% of ACM Research worth $3,004,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of ACM Research by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer's stock valued at $700,000 after purchasing an additional 343 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in ACM Research by 78.9% during 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 during the period. Arizona State Retirement System lifted its position in ACM Research by 2.5% during the 3rd quarter. Arizona State Retirement System now owns 15,649 shares of the specialty retailer's stock valued at $612,000 after purchasing an additional 386 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of ACM Research by 7.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer's stock valued at $157,000 after purchasing an additional 416 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of ACM Research by 8.1% in the 3rd quarter. Blue Trust Inc. now owns 5,997 shares of the specialty retailer's stock valued at $235,000 after purchasing an additional 449 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACMR. Zacks Research upgraded shares of ACM Research from a "hold" rating to a "strong-buy" rating in a report on Friday, March 6th. Weiss Ratings lowered ACM Research from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. Finally, Wall Street Zen downgraded ACM Research from a "hold" rating to a "sell" rating in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $40.00.

ACM Research Stock Up 2.9%

NASDAQ:ACMR opened at $48.06 on Wednesday. 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 stock's 50 day moving average price is $55.40 and its two-hundred day moving average price is $42.59. ACM Research, Inc. has a twelve month low of $16.82 and a twelve month high of $71.65. The firm has a market capitalization of $2.92 billion, a price-to-earnings 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.

Want to see what other hedge funds are holding ACMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACM Research, Inc. (NASDAQ:ACMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.