Brokerages Set $18.00 Price Target for ACM Research Inc (ACMR)

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ACM Research Inc (NASDAQ:ACMR) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus target price of $18.00 for the company, according to Zacks. Zacks has also given ACM Research an industry rank of 225 out of 255 based on the ratings given to its competitors.

A number of research firms have issued reports on ACMR. ValuEngine upgraded ACM Research from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research cut ACM Research from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of ACM Research in a research note on Friday, March 8th.

ACMR stock traded up $0.87 during mid-day trading on Friday, reaching $18.38. The company had a trading volume of 215,271 shares, compared to its average volume of 101,939. The stock has a market capitalization of $260.57 million, a price-to-earnings ratio of 33.42 and a beta of -0.32. ACM Research has a one year low of $9.02 and a one year high of $18.48.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Wednesday, March 6th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The company had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $20.00 million. ACM Research had a return on equity of 20.03% and a net margin of 8.81%. Analysts predict that ACM Research will post 0.5 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of ACM Research by 154.4% during the third quarter. JPMorgan Chase & Co. now owns 45,783 shares of the specialty retailer’s stock valued at $506,000 after purchasing an additional 27,787 shares during the period. Vanguard Group Inc. increased its holdings in shares of ACM Research by 70.3% during the third quarter. Vanguard Group Inc. now owns 279,837 shares of the specialty retailer’s stock valued at $3,098,000 after purchasing an additional 115,563 shares during the period. Vanguard Group Inc increased its holdings in shares of ACM Research by 70.3% during the third quarter. Vanguard Group Inc now owns 279,837 shares of the specialty retailer’s stock valued at $3,098,000 after purchasing an additional 115,563 shares during the period. BlackRock Inc. increased its holdings in shares of ACM Research by 1.3% during the fourth quarter. BlackRock Inc. now owns 410,562 shares of the specialty retailer’s stock valued at $4,467,000 after purchasing an additional 5,284 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $301,000 after purchasing an additional 10,985 shares during the period. Institutional investors own 11.00% 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 conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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