ACM Research (NASDAQ:ACMR) had its target price raised by Craig Hallum from $13.00 to $19.50 in a report published on Wednesday, The Fly reports. The firm currently has a buy rating on the specialty retailer’s stock.

Several other analysts also recently issued reports on ACMR. Zacks Investment Research upgraded ACM Research from a sell rating to a hold rating in a report on Thursday, June 7th. Benchmark reiterated a buy rating and issued a $16.00 price target on shares of ACM Research in a report on Wednesday. Finally, ValuEngine upgraded ACM Research from a hold rating to a buy rating in a report on Thursday, July 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. ACM Research presently has a consensus rating of Buy and a consensus price target of $17.13.

Shares of ACM Research opened at $14.75 on Wednesday, according to MarketBeat. ACM Research has a 12-month low of $4.74 and a 12-month high of $15.60. The firm has a market capitalization of $199.36 million and a P/E ratio of 77.63.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Tuesday, August 7th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.11. ACM Research had a return on equity of 16.66% and a net margin of 5.43%. The firm had revenue of $20.87 million during the quarter, compared to the consensus estimate of $19.70 million. equities analysts anticipate that ACM Research will post 0.25 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of ACM Research during the second quarter valued at about $4,335,000. Russell Investments Group Ltd. acquired a new stake in shares of ACM Research during the second quarter valued at about $931,000. Bank of New York Mellon Corp acquired a new stake in shares of ACM Research during the second quarter valued at about $188,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of ACM Research during the second quarter valued at about $162,000. Institutional investors own 5.67% 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 conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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