Shares of ACM Research Inc (NASDAQ:ACMR) have received a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.60.
Several brokerages recently commented on ACMR. Stifel Nicolaus began coverage on shares of ACM Research in a research note on Thursday, August 22nd. They issued a “buy” rating and a $22.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of ACM Research in a report on Thursday, November 7th. Zacks Investment Research upgraded shares of ACM Research from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, November 5th. Finally, ValuEngine cut shares of ACM Research from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd.
Shares of NASDAQ ACMR opened at $13.91 on Friday. The company has a market cap of $225.57 million, a PE ratio of 25.29 and a beta of -0.58. The stock has a fifty day moving average price of $13.72 and a 200 day moving average price of $15.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.91 and a quick ratio of 2.14. ACM Research has a 1-year low of $9.02 and a 1-year high of $21.88.
ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.53 EPS for the quarter, beating the consensus estimate of $0.22 by $0.31. ACM Research had a return on equity of 32.04% and a net margin of 16.61%. The business had revenue of $33.43 million during the quarter, compared to analysts’ expectations of $29.70 million. Analysts anticipate that ACM Research will post 0.75 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in ACM Research by 671.7% in the third quarter. Tower Research Capital LLC TRC now owns 3,920 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 3,412 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of ACM Research in the 3rd quarter worth about $68,000. Acadian Asset Management LLC purchased a new stake in shares of ACM Research in the 2nd quarter worth about $134,000. Wells Fargo & Company MN boosted its position in shares of ACM Research by 106.1% in the 2nd quarter. Wells Fargo & Company MN now owns 9,341 shares of the specialty retailer’s stock worth $146,000 after buying an additional 4,808 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in ACM Research by 436.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,950 shares of the specialty retailer’s stock valued at $169,000 after acquiring an additional 8,910 shares during the last quarter. 17.97% of the stock is owned by hedge funds and other institutional investors.
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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