ACM Research (NASDAQ:ACMR) PT Raised to $70.00 at Nomura

ACM Research (NASDAQ:ACMR) had its target price raised by research analysts at Nomura from $33.00 to $70.00 in a report issued on Wednesday, MarketBeat reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Nomura’s target price points to a potential upside of 95.75% from the company’s current price.

ACMR has been the subject of a number of other research reports. Roth Capital upped their price objective on ACM Research from to in a research report on Tuesday, January 14th. TheStreet upgraded ACM Research from a “c” rating to a “b-” rating in a research report on Tuesday, December 17th. Needham & Company LLC upped their price objective on ACM Research from $20.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday. Benchmark upped their price objective on ACM Research from $19.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Craig Hallum reiterated a “buy” rating and set a $31.00 price objective (up previously from $25.00) on shares of ACM Research in a research report on Tuesday, January 14th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $38.25.

Shares of NASDAQ:ACMR traded down $4.50 during midday trading on Wednesday, reaching $35.76. 64,165 shares of the company’s stock traded hands, compared to its average volume of 720,007. The company has a market cap of $792.36 million, a price-to-earnings ratio of 39.35 and a beta of -0.43. 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 has a one year low of $9.02 and a one year high of $51.20. The stock has a 50 day moving average of $22.70 and a 200 day moving average of $16.77.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. The firm had revenue of $33.43 million for the quarter, compared to the consensus estimate of $29.70 million. ACM Research had a return on equity of 32.04% and a net margin of 16.61%. Sell-side analysts predict that ACM Research will post 0.89 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in ACM Research by 671.7% in the third quarter. Tower Research Capital LLC TRC now owns 3,920 shares of the specialty retailer’s stock worth $54,000 after buying an additional 3,412 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of ACM Research by 106.1% during the second quarter. Wells Fargo & Company MN now owns 9,341 shares of the specialty retailer’s stock worth $146,000 after purchasing an additional 4,808 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of ACM Research during the third quarter worth about $68,000. Morgan Stanley grew its position in shares of ACM Research by 222.0% during the second quarter. Morgan Stanley now owns 11,386 shares of the specialty retailer’s stock worth $177,000 after purchasing an additional 7,850 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of ACM Research by 436.8% during the second quarter. JPMorgan Chase & Co. now owns 10,950 shares of the specialty retailer’s stock worth $169,000 after purchasing an additional 8,910 shares in the last quarter. Institutional investors and hedge funds 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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Analyst Recommendations for ACM Research (NASDAQ:ACMR)

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