Zacks Investment Research upgraded shares of ACM Research (NASDAQ:ACMR) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
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 topic of a number of other research reports. Benchmark started coverage on ACM Research in a research note on Wednesday, December 13th. They set a buy rating and a $10.00 price objective on the stock. Roth Capital started coverage on ACM Research in a research note on Wednesday, November 29th. They set a buy rating and a $10.00 price objective on the stock. Finally, Craig Hallum started coverage on ACM Research in a research note on Friday, December 1st. They set a buy rating and a $10.00 price objective on the stock.
ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, December 7th. The specialty retailer reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.06. The firm had revenue of $4.89 million during the quarter, compared to analyst estimates of $4.80 million. research analysts forecast that ACM Research will post -0.13 EPS for the current fiscal year.
A hedge fund recently bought a new stake in ACM Research stock. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of ACM Research Inc (NASDAQ:ACMR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 98,033 shares of the specialty retailer’s stock, valued at approximately $515,000. Gilder Gagnon Howe & Co. LLC owned approximately 0.76% of ACM Research at the end of the most recent reporting period. Institutional investors and hedge funds own 0.27% of the company’s stock.
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About ACM Research
Acm Research, Inc develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers uses in manufacturing steps to remove particles, contaminants and other random defects in fabricating integrated circuits, or chips. The Company’s Ultra C equipment is designed to remove random defects from a wafer surface, even at an advanced process node (the minimum line width on a chip) of 22 nanometers (nm) or less.
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