ACM Research (NASDAQ:ACMR) Lowered to Hold at ValuEngine

ValuEngine lowered shares of ACM Research (NASDAQ:ACMR) from a buy rating to a hold rating in a research note released on Thursday, ValuEngine reports.

A number of other research analysts also recently commented on the company. Craig Hallum restated a buy rating and issued a $25.00 target price (up previously from $20.00) on shares of ACM Research in a research note on Thursday, May 9th. Zacks Investment Research upgraded ACM Research from a hold rating to a strong-buy rating and set a $20.00 target price on the stock in a research note on Tuesday.

Shares of ACMR stock traded up $0.05 on Thursday, reaching $14.03. 2,718 shares of the company’s stock traded hands, compared to its average volume of 117,681. ACM Research has a 12-month low of $9.02 and a 12-month high of $21.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 2.03. The company has a market capitalization of $261.09 million, a P/E ratio of 25.42 and a beta of -0.70. The business’s 50 day moving average price is $16.92 and its two-hundred day moving average price is $15.64.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.15. ACM Research had a return on equity of 26.29% and a net margin of 13.16%. The business had revenue of $29.01 million for the quarter, compared to the consensus estimate of $25.40 million. Research analysts predict that ACM Research will post 0.67 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of ACMR. BNP Paribas Arbitrage SA bought a new stake in shares of ACM Research during the 1st quarter worth about $28,000. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 3,782 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of ACM Research by 106.1% during the 2nd quarter. Wells Fargo & Company MN now owns 9,341 shares of the specialty retailer’s stock worth $146,000 after acquiring an additional 4,808 shares in the last quarter. BlackRock Inc. boosted its stake in shares of 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 acquiring an additional 5,284 shares in the last quarter. Finally, Spark Investment Management LLC boosted its stake in shares of 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 acquiring an additional 5,400 shares in the last quarter. Hedge funds and other institutional investors own 10.35% 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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