ACM Research Inc (NASDAQ:ACMR) Given Consensus Rating of “Buy” by Brokerages

ACM Research Inc (NASDAQ:ACMR) has been given a consensus rating of “Buy” by the six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.20.

Several equities research analysts recently commented on ACMR shares. Stifel Nicolaus started coverage on ACM Research in a research note on Thursday, August 22nd. They set a “buy” rating and a $22.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of ACM Research in a research note on Thursday. Zacks Investment Research raised ACM Research from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, November 5th. Benchmark decreased their target price on ACM Research from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Friday. Finally, ValuEngine cut ACM Research from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd.

Shares of ACMR stock traded down $1.23 on Tuesday, hitting $14.42. 155,200 shares of the company’s stock were exchanged, compared to its average volume of 112,128. The company has a 50 day moving average of $13.57 and a 200 day moving average of $15.98. ACM Research has a 12 month low of $9.02 and a 12 month high of $21.88. The stock has a market cap of $203.34 million, a P/E ratio of 26.22 and a beta of -0.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.03 and a quick ratio of 1.18.

ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, November 6th. The specialty retailer reported $0.53 EPS for the quarter, topping the consensus estimate of $0.22 by $0.31. ACM Research had a return on equity of 26.29% and a net margin of 13.16%. The business had revenue of $33.43 million during the quarter, compared to analysts’ expectations of $29.70 million. Sell-side analysts predict that ACM Research will post 0.66 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings 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 acquiring an additional 3,412 shares in the last quarter. Russell Investments Group Ltd. bought a new position in ACM Research in the third quarter worth approximately $68,000. Acadian Asset Management LLC bought a new position in ACM Research in the second quarter worth approximately $134,000. Wells Fargo & Company MN boosted its holdings 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 acquiring an additional 4,808 shares in the last quarter. Finally, Bailard Inc. bought a new position in ACM Research in the third quarter worth approximately $152,000. Institutional investors and hedge funds own 12.32% 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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