ACM Research Inc (ACMR) Receives Average Rating of “Strong Buy” from Analysts

ACM Research Inc (NASDAQ:ACMR) has 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 research analysts have rated the stock with a strong buy rating.

Analysts have set a 12 month consensus price target of $22.50 for the company and are predicting 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 105 out of 256 based on the ratings given to its competitors.

ACMR has been the subject of several analyst reports. ValuEngine raised shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Benchmark reaffirmed a “buy” rating and set a $16.00 price target on shares of ACM Research in a research note on Friday, March 8th. Craig Hallum reaffirmed a “buy” rating and set a $25.00 price target (up previously from $20.00) on shares of ACM Research in a research note on Thursday, May 9th. Finally, Zacks Investment Research downgraded shares of ACM Research from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

A number of hedge funds and other institutional investors have recently made changes to their positions in ACMR. Vanguard Group Inc. raised its stake in ACM Research by 70.3% during the third quarter. Vanguard Group Inc. now owns 279,837 shares of the specialty retailer’s stock worth $3,098,000 after buying an additional 115,563 shares during the last quarter. Vanguard Group Inc raised its stake in ACM Research by 70.3% during the third quarter. Vanguard Group Inc now owns 279,837 shares of the specialty retailer’s stock worth $3,098,000 after buying an additional 115,563 shares during the last quarter. BlackRock Inc. raised its stake in ACM Research by 1.3% during the fourth 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 during the last quarter. Bank of New York Mellon Corp raised its stake in ACM Research by 65.7% during the fourth quarter. Bank of New York Mellon Corp now owns 27,695 shares of the specialty retailer’s stock worth $301,000 after buying an additional 10,985 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in ACM Research by 5.2% during the fourth 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 during the last quarter. 10.32% of the stock is owned by institutional investors and hedge funds.

ACM Research stock traded up $0.61 during mid-day trading on Wednesday, reaching $19.27. The company had a trading volume of 355 shares, compared to its average volume of 108,619. The firm has a market capitalization of $256.82 million, a P/E ratio of 35.04 and a beta of -0.27. ACM Research has a fifty-two week low of $9.02 and a fifty-two week high of $21.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.03 and a quick ratio of 1.17.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Tuesday, May 7th. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.12. The firm 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%. On average, analysts expect that ACM Research will post 0.51 earnings per share for the current year.

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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