Grantham Mayo Van Otterloo & Co. LLC Invests $728,000 in ACM Research, Inc. $ACMR

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in ACM Research, Inc. (NASDAQ:ACMR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,601 shares of the specialty retailer’s stock, valued at approximately $728,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ACM Research by 10.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after acquiring an additional 3,065 shares during the period. Caxton Associates LLP bought a new position in ACM Research in the 1st quarter valued at $250,000. Strs Ohio bought a new position in ACM Research in the 1st quarter valued at $133,000. Resona Asset Management Co. Ltd. increased its position in shares of ACM Research by 14.9% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 7,730 shares of the specialty retailer’s stock valued at $199,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of ACM Research during the 2nd quarter valued at $344,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Trading Down 0.4%

Shares of ACM Research stock opened at $47.88 on Thursday. ACM Research, Inc. has a 12-month low of $16.82 and a 12-month high of $71.65. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 34.95 and a beta of 1.49. 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’s 50-day moving average price is $55.57 and its 200-day moving average price is $42.62.

Analyst Ratings Changes

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

About ACM Research

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.