ACM Research (ACMR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of ACM Research (NASDAQ:ACMR) from a sell rating to a hold rating in a report released on Tuesday morning.

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. “

ACMR has been the subject of several other reports. Craig Hallum lifted their price objective on ACM Research from $13.00 to $19.50 and gave the company a buy rating in a report on Wednesday, August 8th. ValuEngine raised ACM Research from a hold rating to a buy rating in a report on Thursday, July 12th. Finally, Benchmark reaffirmed a buy rating and issued a $16.00 price objective on shares of ACM Research in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $17.13.

Shares of NASDAQ ACMR opened at $10.27 on Tuesday. The firm has a market capitalization of $154.57 million and a price-to-earnings ratio of 53.53. 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 data on Tuesday, August 7th. The specialty retailer reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.11. The firm had revenue of $20.87 million during the quarter, compared to analysts’ expectations of $19.70 million. ACM Research had a return on equity of 14.90% and a net margin of 5.43%. Equities research analysts anticipate that ACM Research will post 0.25 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp acquired a new position in shares of ACM Research during the 2nd quarter worth $877,000. Bank of New York Mellon Corp acquired a new position in shares of ACM Research during the 2nd quarter worth $188,000. BlackRock Inc. acquired a new position in shares of ACM Research during the 2nd quarter worth $4,335,000. Schwab Charles Investment Management Inc. acquired a new position in shares of ACM Research during the 2nd quarter worth $162,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of ACM Research during the 2nd quarter worth $931,000. 12.55% of the stock is owned by 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 conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

Featured Article: Return on Investment (ROI)

Get a free copy of the Zacks research report on ACM Research (ACMR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ACM Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACM Research and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply