ACM Research (ACMR) Stock Rating Reaffirmed by Craig Hallum

Craig Hallum reaffirmed their buy rating on shares of ACM Research (NASDAQ:ACMR) in a report published on Thursday morning, The Fly reports. Craig Hallum currently has a $25.00 target price on the specialty retailer’s stock, up from their prior target price of $20.00.

A number of other analysts also recently weighed in on the company. ValuEngine upgraded ACM Research from a hold rating to a buy rating in a report on Tuesday, March 19th. Zacks Investment Research downgraded ACM Research from a buy rating to a hold rating in a report on Monday, March 11th. Finally, Benchmark reiterated a buy rating and set a $16.00 price target on shares of ACM Research in a report on Friday, March 8th.

ACM Research stock traded up $0.51 during trading hours on Thursday, reaching $19.02. 77,589 shares of the company’s stock were exchanged, compared to its average volume of 123,501. ACM Research has a twelve month low of $9.02 and a twelve month high of $19.50. The company has a market cap of $269.89 million, a P/E ratio of 34.58 and a beta of -0.27.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Tuesday, May 7th. The specialty retailer reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.12. ACM Research had a return on equity of 25.94% and a net margin of 13.13%. The firm had revenue of $20.48 million during the quarter, compared to the consensus estimate of $17.50 million. Analysts forecast that ACM Research will post 0.5 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA acquired a new stake in shares of ACM Research in the 1st quarter valued at about $28,000. Wells Fargo & Company MN grew its stake in shares of ACM Research by 53.9% in the 1st quarter. Wells Fargo & Company MN now owns 4,533 shares of the specialty retailer’s stock valued at $70,000 after buying an additional 1,588 shares during the period. Spark Investment Management LLC grew its stake in shares of ACM Research by 40.9% in the 1st quarter. Spark Investment Management LLC now owns 18,600 shares of the specialty retailer’s stock valued at $286,000 after buying an additional 5,400 shares during the period. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $301,000 after buying an additional 10,985 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of ACM Research by 154.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,783 shares of the specialty retailer’s stock valued at $506,000 after buying an additional 27,787 shares during the period. Institutional investors own 10.91% of the company’s stock.

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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