2 weeks Ago By Defense World Staff
Connective Capital Management LLC bought a new position in shares of ACM Research, Inc. ( NASDAQ:ACMR – Free Report ) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,028 shares of the specialty retailer’s stock, valued at approximately $323,000.
ACM Research accounts for 0.6% of Connective Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. A number of other institutional investors also recently modified their holdings of ACMR.
CWM LLC lifted its holdings in ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after buying an additional 1,444 shares during the period.
Picton Mahoney Asset Management purchased a new stake in ACM Research in the second quarter worth about $59,000. Lazard Asset Management LLC lifted its holdings in ACM Research by 1,197.6% in the first quarter.
Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock worth $93,000 after buying an additional 2,970 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in ACM Research in the second quarter worth about $99,000. Finally, Palouse Capital Management Inc.
purchased a new position in shares of ACM Research during the second quarter valued at approximately $105,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.
ACM Research Stock Up 0.9 % ACMR opened at $19.49 on Monday.
The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.
29. ACM Research, Inc. has a fifty-two week low of $12.
53 and a fifty-two week high of $34.40. The firm’s fifty day moving average is $17.
99 and its 200 day moving average is $22.84. The stock has a market cap of $1.
11 billion, a price-to-earnings ratio of 14.77 and a beta of 1.52.
Wall Street Analyst Weigh In Several equities analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $38.00 target price on shares of ACM Research in a report on Wednesday, August 7th.
Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of ACM Research in a report on Thursday, August 8th. Finally, Roth Mkm lowered their target price on shares of ACM Research from $40.
00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Get Our Latest Analysis on ACMR ACM Research Company Profile ( Free Report ) ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide.
It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating. See Also Five stocks we like better than ACM Research How to Invest in Blue Chip Stocks Top 5 ETFs to Own Now and Into 2025 Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index Watch These 3 Former Short-Squeeze Stocks for a Big Rally What is the Australian Securities Exchange (ASX) Simon Property REIT: A Safe Bet for Growth and Steady Dividends Receive News & Ratings for ACM Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACM Research and related companies with MarketBeat.com's FREE daily email newsletter .
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