ACM Research Inc (NASDAQ:ACMR) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price objective of $22.50 for the company and are predicting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also assigned ACM Research an industry rank of 93 out of 256 based on the ratings given to its competitors.
Several brokerages have recently commented on ACMR. Zacks Investment Research downgraded shares of ACM Research from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Craig Hallum reiterated a “buy” rating and set a $25.00 price target (up previously from $20.00) on shares of ACM Research in a research report on Thursday, May 9th.
Shares of NASDAQ:ACMR traded down $0.64 on Tuesday, hitting $17.18. The stock had a trading volume of 66,782 shares, compared to its average volume of 106,816. ACM Research has a twelve month low of $9.02 and a twelve month 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 company has a 50 day moving average of $16.84. The company has a market cap of $252.99 million, a P/E ratio of 31.24 and a beta of -0.70.
ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, August 7th. The specialty retailer reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.15. ACM Research had a net margin of 13.16% and a return on equity of 27.20%. The company had revenue of $29.01 million for the quarter, compared to the consensus estimate of $25.40 million. On average, sell-side analysts forecast that ACM Research will post 0.51 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in ACM Research by 1.3% during the 4th 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 in the last quarter. Geode Capital Management LLC lifted its position in ACM Research by 5.2% during the 4th 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 in the last quarter. Allianz Asset Management GmbH acquired a new position in ACM Research during the 2nd quarter worth about $631,000. Bank of New York Mellon Corp raised its holdings in ACM Research by 65.7% during 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 during the last quarter. Finally, Spark Investment Management LLC raised its holdings in ACM Research by 40.9% during 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 during the last quarter. Institutional investors and hedge funds own 10.31% of the company’s stock.
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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