ACM Research (NASDAQ:ACMR) Downgraded to “C+” at TheStreet

TheStreet lowered shares of ACM Research (NASDAQ:ACMR) from a b- rating to a c+ rating in a report issued on Friday morning, TheStreetRatingsTable reports.

A number of other equities analysts also recently commented on the stock. Nomura boosted their target price on shares of ACM Research from $33.00 to $70.00 and gave the stock a buy rating in a research note on Wednesday, January 22nd. Morgan Stanley assumed coverage on shares of ACM Research in a report on Tuesday, January 21st. They issued an overweight rating and a $45.00 target price for the company. Stifel Nicolaus increased their price target on shares of ACM Research from $22.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, January 14th. Benchmark increased their price target on shares of ACM Research from $19.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, January 14th. Finally, Zacks Investment Research cut shares of ACM Research from a buy rating to a hold rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $38.25.

Shares of NASDAQ ACMR opened at $38.61 on Friday. The firm has a market cap of $588.51 million, a price-to-earnings ratio of 42.43 and a beta of -0.66. The company has a quick ratio of 2.14, a current ratio of 2.91 and a debt-to-equity ratio of 0.03. ACM Research has a 52-week low of $9.02 and a 52-week high of $51.20. The business’s 50 day moving average is $29.78 and its two-hundred day moving average is $18.51.

Several hedge funds and other institutional investors have recently bought and sold shares of ACMR. Calamos Advisors LLC purchased a new stake in ACM Research during the 4th quarter worth about $1,757,000. Russell Investments Group Ltd. grew its holdings in ACM Research by 1,017.3% during the fourth quarter. Russell Investments Group Ltd. now owns 54,749 shares of the specialty retailer’s stock valued at $1,008,000 after purchasing an additional 49,849 shares during the period. Squarepoint Ops LLC grew its holdings in ACM Research by 122.7% during the third quarter. Squarepoint Ops LLC now owns 54,053 shares of the specialty retailer’s stock valued at $749,000 after purchasing an additional 29,776 shares during the period. Globeflex Capital L P bought a new stake in ACM Research during the fourth quarter valued at about $512,000. Finally, Strategic Wealth Advisors Group LLC bought a new stake in ACM Research during the fourth quarter valued at about $493,000. 18.56% of the stock is owned by institutional investors and hedge funds.

About ACM Research

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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