ACM Research, Inc. (NASDAQ:ACMR) Receives Average Rating of “Buy” from Analysts

Shares of ACM Research, Inc. (NASDAQ:ACMRGet Rating) have earned a consensus recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $40.00.

Several research analysts recently weighed in on the stock. Benchmark boosted their price target on shares of ACM Research from $41.67 to $43.33 and gave the stock a “buy” rating in a report on Wednesday, January 5th. Roth Capital cut their price target on shares of ACM Research from $40.00 to $33.33 in a report on Thursday, March 10th. Zacks Investment Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 8th. Stifel Nicolaus boosted their price target on shares of ACM Research from $44.00 to $46.67 and gave the stock a “buy” rating in a report on Wednesday, January 5th. Finally, Needham & Company LLC lifted their price objective on shares of ACM Research from $33.33 to $36.67 and gave the stock a “buy” rating in a research report on Thursday, January 6th.

Shares of NASDAQ ACMR opened at $16.78 on Thursday. The stock has a market capitalization of $900.25 million, a P/E ratio of 29.44 and a beta of 0.56. The company has a 50-day moving average price of $22.22 and a 200-day moving average price of $27.17. ACM Research has a 1 year low of $14.07 and a 1 year high of $39.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.63 and a quick ratio of 3.57.

ACM Research (NASDAQ:ACMRGet Rating) last issued its quarterly earnings data on Friday, February 25th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. ACM Research had a net margin of 14.54% and a return on equity of 9.91%. The firm had revenue of $95.10 million during the quarter, compared to analysts’ expectations of $89.53 million. During the same period last year, the company earned $0.10 earnings per share. The business’s revenue was up 108.6% on a year-over-year basis. As a group, equities research analysts anticipate that ACM Research will post 0.41 earnings per share for the current fiscal year.

In other news, Director Haiping Dun sold 12,269 shares of the business’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $82.09, for a total value of $1,007,162.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Mckechnie sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $64.20, for a total transaction of $321,000.00. The disclosure for this sale can be found here. Insiders own 40.74% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its holdings in ACM Research by 982.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 563 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 511 shares during the period. Maverick Capital Ltd. increased its holdings in ACM Research by 21.8% during the 3rd quarter. Maverick Capital Ltd. now owns 1,421 shares of the specialty retailer’s stock worth $156,000 after acquiring an additional 254 shares during the period. Ensign Peak Advisors Inc bought a new stake in ACM Research during the 4th quarter worth approximately $168,000. Point72 Asset Management L.P. bought a new stake in ACM Research during the 3rd quarter worth approximately $172,000. Finally, Bank of America Corp DE increased its holdings in ACM Research by 28.1% during the 2nd quarter. Bank of America Corp DE now owns 1,888 shares of the specialty retailer’s stock worth $193,000 after acquiring an additional 414 shares during the period. 50.48% of the stock is currently owned by institutional investors.

ACM Research Company Profile (Get Rating)

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.

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Analyst Recommendations for ACM Research (NASDAQ:ACMR)

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