ACM Research (ACMR) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of ACM Research (NASDAQ: ACMR) in the last few weeks:

  • 11/8/2019 – ACM Research had its price target lowered by analysts at Benchmark Co. from $24.00 to $19.00. They now have a “buy” rating on the stock.
  • 11/7/2019 – ACM Research had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $20.00 price target on the stock.
  • 11/5/2019 – ACM Research was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Acm Research, Inc. develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects. Acm Research, Inc. is headquartered in Fremont, California. “
  • 11/4/2019 – ACM Research was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Acm Research, Inc. develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects. Acm Research, Inc. is headquartered in Fremont, California. “
  • 10/21/2019 – ACM Research was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Acm Research, Inc. develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects. Acm Research, Inc. is headquartered in Fremont, California. “
  • 10/8/2019 – ACM Research was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Acm Research, Inc. develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects. Acm Research, Inc. is headquartered in Fremont, California. “
  • 10/2/2019 – ACM Research was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

NASDAQ ACMR traded down $0.03 during trading hours on Monday, hitting $14.39. 174,876 shares of the company traded hands, compared to its average volume of 112,415. The business’s 50-day moving average is $13.57 and its 200-day moving average is $15.98. ACM Research Inc has a twelve month low of $9.02 and a twelve month high of $21.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.18 and a current ratio of 2.03. The stock has a market capitalization of $203.34 million, a price-to-earnings ratio of 26.16 and a beta of -0.61.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.31. ACM Research had a return on equity of 26.29% and a net margin of 13.16%. The company had revenue of $33.43 million during the quarter, compared to analysts’ expectations of $29.70 million. Analysts predict that ACM Research Inc will post 0.66 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of ACM Research by 671.7% during the third quarter. Tower Research Capital LLC TRC now owns 3,920 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 3,412 shares during the period. Russell Investments Group Ltd. bought a new position in shares of ACM Research during the third quarter worth approximately $68,000. Acadian Asset Management LLC bought a new position in shares of ACM Research during the second quarter worth approximately $134,000. Wells Fargo & Company MN increased its stake in shares of ACM Research by 106.1% during the second quarter. Wells Fargo & Company MN now owns 9,341 shares of the specialty retailer’s stock worth $146,000 after purchasing an additional 4,808 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of ACM Research by 436.8% during the second quarter. JPMorgan Chase & Co. now owns 10,950 shares of the specialty retailer’s stock worth $169,000 after purchasing an additional 8,910 shares during the period. 12.32% of the stock is owned by institutional investors.

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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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