ACM Research (NASDAQ:ACMR) had its price target hoisted by equities research analysts at Benchmark from $19.00 to $30.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Benchmark’s price objective points to a potential downside of 17.31% from the stock’s previous close.
ACMR has been the subject of several other reports. ValuEngine upgraded ACM Research from a “strong sell” rating to a “sell” rating in a research note on Monday, December 16th. Zacks Investment Research cut ACM Research from a “buy” rating to a “hold” rating in a research note on Friday, January 10th. Stifel Nicolaus increased their target price on ACM Research from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of ACM Research in a research note on Thursday, November 7th. Finally, TheStreet upgraded ACM Research from a “c” rating to a “b-” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. ACM Research has a consensus rating of “Buy” and a consensus price target of $28.50.
Shares of ACM Research stock traded up $1.13 on Tuesday, hitting $36.28. 609,385 shares of the company’s stock traded hands, compared to its average volume of 339,625. The stock has a market cap of $515.99 million, a P/E ratio of 65.96 and a beta of -0.43. The company has a quick ratio of 2.14, a current ratio of 2.91 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $18.68 and its 200 day moving average is $15.88. ACM Research has a 52-week low of $9.02 and a 52-week high of $36.70.
ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, November 6th. The specialty retailer reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.31. The company had revenue of $33.43 million during the quarter, compared to analysts’ expectations of $29.70 million. ACM Research had a return on equity of 32.04% and a net margin of 16.61%. Equities research analysts forecast that ACM Research will post 0.89 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its position in shares of ACM Research by 222.0% during the 2nd quarter. Morgan Stanley now owns 11,386 shares of the specialty retailer’s stock valued at $177,000 after acquiring an additional 7,850 shares in the last quarter. Squarepoint Ops LLC increased its position in ACM Research by 122.7% in the third quarter. Squarepoint Ops LLC now owns 54,053 shares of the specialty retailer’s stock worth $749,000 after buying an additional 29,776 shares during the period. Tower Research Capital LLC TRC increased its position 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 worth $54,000 after buying an additional 3,412 shares during the period. Citadel Advisors LLC acquired a new stake in ACM Research in the second quarter worth $626,000. Finally, Wells Fargo & Company MN increased its position in ACM Research by 106.1% in the second 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 during the period. 17.97% of the stock is currently owned by institutional investors and hedge funds.
ACM Research Company Profile
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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