Shares of ACM Research Inc (NASDAQ:ACMR) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price target of $22.50 for the company and are expecting 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 56 out of 256 based on the ratings given to its competitors.
Several analysts recently commented on ACMR shares. Craig Hallum reduced their target price on shares of Green Dot from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.
Institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in ACM Research by 1.3% in the 4th quarter. BlackRock Inc. now owns 410,562 shares of the specialty retailer’s stock worth $4,467,000 after purchasing an additional 5,284 shares in the last quarter. Bank of New York Mellon Corp raised its stake in ACM Research by 65.7% in the 4th quarter. Bank of New York Mellon Corp now owns 27,695 shares of the specialty retailer’s stock worth $301,000 after purchasing an additional 10,985 shares in the last quarter. Geode Capital Management LLC raised its stake in ACM Research by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 77,179 shares of the specialty retailer’s stock worth $839,000 after purchasing an additional 3,782 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in ACM Research in the 1st quarter worth about $28,000. Finally, Spark Investment Management LLC raised its stake in ACM Research by 40.9% in the 1st quarter. Spark Investment Management LLC now owns 18,600 shares of the specialty retailer’s stock worth $286,000 after purchasing an additional 5,400 shares in the last quarter. Institutional investors and hedge funds own 10.33% of the company’s stock.
Shares of ACMR stock traded up $0.11 during midday trading on Monday, hitting $17.79. 44,155 shares of the company were exchanged, compared to its average volume of 143,578. The stock has a market cap of $251.00 million, a price-to-earnings ratio of 32.35 and a beta of -0.71. 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 firm has a 50 day moving average price of $17.11. ACM Research has a 52 week low of $9.02 and a 52 week high of $21.88.
ACM Research (NASDAQ:ACMR) last announced its earnings results on Tuesday, May 7th. The specialty retailer reported $0.14 EPS for the quarter, topping the consensus estimate of $0.02 by $0.12. The business had revenue of $20.48 million during the quarter, compared to the consensus estimate of $17.50 million. ACM Research had a net margin of 13.13% and a return on equity of 25.10%. As a group, equities research analysts predict that ACM Research will post 0.51 earnings per share for the current fiscal 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.
Recommended Story: The mechanics of the bid-ask spread in trading
Get a free copy of the Zacks research report on ACM Research (ACMR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.