Zacks: ACM Research (ACMR) Receives Average Rating of “Strong Buy” from Brokerages

Shares of ACM Research (NASDAQ:ACMR) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $12.67 for the company and are anticipating that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also given ACM Research an industry rank of 179 out of 265 based on the ratings given to related companies.

Several analysts recently commented on ACMR shares. Zacks Investment Research raised ACM Research from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, March 27th. Roth Capital boosted their price target on ACM Research from $12.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, March 16th. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of ACM Research in a research note on Tuesday, March 6th. Finally, Craig Hallum boosted their price objective on ACM Research from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, March 5th.

A hedge fund recently bought a new stake in ACM Research stock. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of ACM Research (NASDAQ:ACMR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 98,033 shares of the specialty retailer’s stock, valued at approximately $515,000. Gilder Gagnon Howe & Co. LLC owned 0.76% of ACM Research as of its most recent SEC filing. 6.23% of the stock is owned by institutional investors and hedge funds.

ACMR stock traded up $0.09 during trading on Wednesday, hitting $11.40. The company had a trading volume of 100 shares, compared to its average volume of 62,892. The firm has a market cap of $154.12 million and a price-to-earnings ratio of 60.00. ACM Research has a fifty-two week low of $4.74 and a fifty-two week high of $15.60.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Tuesday, May 8th. The specialty retailer reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The company had revenue of $9.74 million during the quarter, compared to analyst estimates of $10.00 million. research analysts anticipate that ACM Research will post 0.15 EPS for the current year.

About ACM Research

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 conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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