ACM Research (ACMR) Given Buy Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of ACM Research (NASDAQ:ACMR) in a report published on Tuesday. Benchmark currently has a $10.00 price target on the specialty retailer’s stock.

A number of other research firms have also recently commented on ACMR. Craig Hallum raised their target price on ACM Research from $10.00 to $13.00 and gave the company a buy rating in a research report on Monday, March 5th. Roth Capital assumed coverage on ACM Research in a research report on Wednesday, November 29th. They set a buy rating and a $10.00 target price on the stock. Finally, Zacks Investment Research upgraded ACM Research from a sell rating to a hold rating in a research report on Tuesday, February 6th.

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Shares of ACM Research (NASDAQ:ACMR) opened at $13.13 on Tuesday. ACM Research has a 12-month low of $4.74 and a 12-month high of $13.74.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Thursday, December 7th. The specialty retailer reported ($0.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.06. The business had revenue of $4.89 million for the quarter, compared to analyst estimates of $4.80 million. sell-side analysts expect that ACM Research will post 0.2 EPS for the current year.

An institutional investor recently bought a new position in ACM Research stock. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of ACM Research Inc (NASDAQ:ACMR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 98,033 shares of the specialty retailer’s stock, valued at approximately $515,000. Gilder Gagnon Howe & Co. LLC owned 0.76% of ACM Research as of its most recent SEC filing. Institutional investors own 6.76% of the company’s stock.

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ACM Research Company Profile

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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