ACM Research (ACMR) Stock Rating Upgraded by Zacks Investment Research
ACM Research (NASDAQ:ACMR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
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 equities analysts also recently weighed in on ACMR. Craig Hallum upped their price target on ACM Research from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, March 5th. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of ACM Research in a research report on Tuesday, March 6th. Finally, Roth Capital upped their price target on ACM Research from $12.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, March 16th.
ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Tuesday, May 8th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. The firm had revenue of $9.74 million for the quarter, compared to analyst estimates of $10.00 million. sell-side analysts expect that ACM Research will post 0.15 earnings per share for the current year.
An institutional investor recently bought a new position in ACM Research stock. Granite Point Capital Management L.P. acquired a new position in shares of ACM Research Inc (NASDAQ:ACMR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the specialty retailer’s stock, valued at approximately $131,000. Granite Point Capital Management L.P. owned approximately 0.19% of ACM Research as of its most recent SEC filing. Institutional investors and hedge funds own 6.23% 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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