ACM Research (NASDAQ:ACMR) Stock Rating Upgraded by Zacks Investment Research

ACM Research (NASDAQ:ACMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The firm currently has a $19.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price target indicates a potential upside of 14.67% from the company’s current price.

According to Zacks, “Acm Research, Inc. develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects. Acm Research, Inc. is headquartered in Fremont, California. “

A number of other brokerages have also weighed in on ACMR. ValuEngine upgraded Yara International ASA from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Craig Hallum cut their price objective on Green Dot from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 9th.

Shares of ACM Research stock traded down $0.25 during trading on Tuesday, reaching $16.57. 1,790 shares of the stock traded hands, compared to its average volume of 102,379. The firm has a market cap of $238.79 million, a P/E ratio of 29.85 and a beta of -0.70. The firm’s fifty day moving average price is $17.43. 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 has a 52-week low of $9.02 and a 52-week high of $21.88.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Tuesday, May 7th. The specialty retailer reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.12. The firm had revenue of $20.48 million during the quarter, compared to analyst estimates of $17.50 million. ACM Research had a return on equity of 25.10% and a net margin of 13.13%. On average, sell-side analysts predict that ACM Research will post 0.51 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of ACM Research by 1.3% in the 4th quarter. BlackRock Inc. now owns 410,562 shares of the specialty retailer’s stock valued at $4,467,000 after acquiring an additional 5,284 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of ACM Research by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 77,179 shares of the specialty retailer’s stock valued at $839,000 after acquiring an additional 3,782 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 acquiring an additional 10,985 shares during the last quarter. Spark Investment Management LLC lifted its holdings 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 acquiring an additional 5,400 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new position in shares of ACM Research in the 1st quarter valued at about $28,000. 10.32% of the stock is owned by hedge funds and other institutional investors.

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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