1 week Ago By ABMN Staff
ACM Research, Inc. ( NASDAQ:ACMR – Get Free Report )’s stock price fell 3.1% on Friday .
The company traded as low as $16.00 and last traded at $16.01.
67,877 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 1,450,199 shares. The stock had previously closed at $16.53.
Wall Street Analyst Weigh In A number of brokerages have recently weighed in on ACMR. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research note on Wednesday, August 7th.
Roth Mkm reduced their price target on shares of ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th.
Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of ACM Research in a research note on Thursday, August 8th. Read Our Latest Report on ACM Research ACM Research Trading Down 5.
3 % ACM Research ( NASDAQ:ACMR – Get Free Report ) last released its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.
30 by $0.25. ACM Research had a net margin of 12.
26% and a return on equity of 9.16%. The business had revenue of $202.
50 million during the quarter, compared to analyst estimates of $163.05 million. During the same period in the prior year, the business earned $0.
45 earnings per share. The business’s quarterly revenue was up 40.0% on a year-over-year basis.
Equities analysts forecast that ACM Research, Inc. will post 0.92 earnings per share for the current year.
Institutional Investors Weigh In On ACM Research Large investors have recently made changes to their positions in the company. CWM LLC raised its holdings in shares of ACM Research by 297.1% during the second quarter.
CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 1,444 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of ACM Research during the second quarter valued at approximately $59,000. Lazard Asset Management LLC increased its stake in ACM Research by 1,197.
6% in the 1st quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after buying an additional 2,970 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in ACM Research in the 2nd quarter valued at approximately $99,000.
Finally, Palouse Capital Management Inc. acquired a new position in ACM Research in the 2nd quarter valued at approximately $105,000. Institutional investors and hedge funds own 66.
75% of the company’s stock. ACM Research Company Profile ( Get Free Report ) 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 shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.
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