ACM Research Inc (NASDAQ:ACMR) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price objective of $22.50 for the company and are anticipating that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned ACM Research an industry rank of 54 out of 256 based on the ratings given to related companies.
A number of equities research analysts have issued reports on ACMR shares. ValuEngine upgraded Yara International ASA from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Craig Hallum decreased their price objective on Green Dot from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th.
Several hedge funds and other institutional investors have recently modified their holdings of ACMR. BNP Paribas Arbitrage SA purchased a new stake in shares of ACM Research in the first quarter worth approximately $28,000. Spark Investment Management LLC raised its holdings in shares of ACM Research by 40.9% in the first quarter. Spark Investment Management LLC now owns 18,600 shares of the specialty retailer’s stock worth $286,000 after buying an additional 5,400 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of ACM Research by 65.7% in the fourth quarter. Bank of New York Mellon Corp now owns 27,695 shares of the specialty retailer’s stock worth $301,000 after buying an additional 10,985 shares during the period. Geode Capital Management LLC raised its holdings in shares of ACM Research by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 77,179 shares of the specialty retailer’s stock worth $839,000 after buying an additional 3,782 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of ACM Research by 1.3% in the fourth quarter. BlackRock Inc. now owns 410,562 shares of the specialty retailer’s stock worth $4,467,000 after buying an additional 5,284 shares during the period. Hedge funds and other institutional investors own 10.32% of the company’s stock.
ACMR stock traded down $0.01 during midday trading on Friday, reaching $16.50. 615 shares of the company traded hands, compared to its average volume of 157,378. ACM Research has a 52-week low of $9.02 and a 52-week high of $21.88. The company has a quick ratio of 1.17, a current ratio of 2.03 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $17.42. The firm has a market cap of $238.79 million, a price-to-earnings ratio of 30.22 and a beta of -0.71.
ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Tuesday, May 7th. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.12. ACM Research had a return on equity of 25.10% and a net margin of 13.13%. The business had revenue of $20.48 million for the quarter, compared to the consensus estimate of $17.50 million. As a group, equities research analysts forecast that ACM Research will post 0.51 EPS for the current year.
About ACM Research
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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