ACM Research (NASDAQ:ACMR) had its target price reduced by analysts at Benchmark from $24.00 to $19.00 in a research report issued on Friday, Stock Target Advisor reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Benchmark’s price target points to a potential upside of 31.76% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. ValuEngine cut shares of ACM Research from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Stifel Nicolaus initiated coverage on shares of ACM Research in a report on Thursday, August 22nd. They issued a “buy” rating and a $22.00 target price on the stock. Zacks Investment Research upgraded shares of ACM Research from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, November 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of ACM Research in a report on Thursday. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. ACM Research presently has an average rating of “Buy” and an average price target of $20.20.
Shares of ACM Research stock traded down $1.23 during trading on Friday, reaching $14.42. 155,200 shares of the stock were exchanged, compared to its average volume of 112,128. ACM Research has a 1 year low of $9.02 and a 1 year high of $21.88. The company has a quick ratio of 1.18, a current ratio of 2.03 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $13.57 and its 200 day moving average is $15.98. The firm has a market cap of $203.34 million, a price-to-earnings ratio of 26.22 and a beta of -0.61.
ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, November 6th. The specialty retailer reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.31. ACM Research had a net margin of 13.16% and a return on equity of 26.29%. The company had revenue of $33.43 million for the quarter, compared to analysts’ expectations of $29.70 million. Equities analysts forecast that ACM Research will post 0.66 earnings per share for the current year.
Several institutional investors have recently modified their holdings of ACMR. Tower Research Capital LLC TRC boosted its stake in shares of ACM Research by 671.7% during the 3rd 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 during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of ACM Research during the 3rd quarter worth $68,000. Acadian Asset Management LLC purchased a new position in shares of ACM Research during the 2nd quarter worth $134,000. Wells Fargo & Company MN boosted its stake in shares of ACM Research by 106.1% during the 2nd 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 during the last quarter. Finally, Bailard Inc. purchased a new position in shares of ACM Research during the 3rd quarter worth $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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