ACM Research (NASDAQ:ACMR) had its price objective upped by research analysts at Nomura from $33.00 to $70.00 in a research note issued on Wednesday, Briefing.com Automated Import reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Nomura’s target price suggests a potential upside of 64.05% from the stock’s current price.
A number of other research analysts have also recently weighed in on ACMR. Stifel Nicolaus lifted their price objective on shares of ACM Research from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. ValuEngine upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Craig Hallum restated a “buy” rating and issued a $31.00 price objective (up previously from $25.00) on shares of ACM Research in a report on Tuesday, January 14th. They noted that the move was a valuation call. TheStreet upgraded shares of ACM Research from a “c” rating to a “b-” rating in a report on Tuesday, December 17th. Finally, Needham & Company LLC lifted their price objective on shares of ACM Research from $20.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $38.25.
ACM Research stock opened at $42.67 on Wednesday. The company’s 50 day simple moving average is $21.49 and its 200-day simple moving average is $16.50. The company has a market capitalization of $589.49 million, a price-to-earnings ratio of 46.89 and a beta of -0.43. ACM Research has a 1 year low of $9.02 and a 1 year high of $42.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.14 and a current ratio of 2.91.
ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. The firm had revenue of $33.43 million during the quarter, compared to analysts’ expectations of $29.70 million. ACM Research had a net margin of 16.61% and a return on equity of 32.04%. Equities analysts expect that ACM Research will post 0.89 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the stock. Calamos Advisors LLC acquired a new position in ACM Research during the 4th quarter worth approximately $1,757,000. Paloma Partners Management Co acquired a new position in ACM Research during the 2nd quarter worth approximately $825,000. Renaissance Technologies LLC acquired a new position in ACM Research during the 2nd quarter worth approximately $787,000. Citadel Advisors LLC acquired a new position in ACM Research during the 2nd quarter worth approximately $626,000. Finally, Squarepoint Ops LLC grew its holdings in ACM Research by 122.7% during the 3rd quarter. Squarepoint Ops LLC now owns 54,053 shares of the specialty retailer’s stock worth $749,000 after acquiring an additional 29,776 shares in the last quarter. Hedge funds and other institutional investors own 18.55% 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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