ACM Research (ACMR) Given New $13.00 Price Target at Craig Hallum
ACM Research (NASDAQ:ACMR) had its price objective hoisted by equities research analysts at Craig Hallum from $10.00 to $13.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the specialty retailer’s stock. Craig Hallum’s price target points to a potential upside of 65.61% from the company’s previous close.
Several other brokerages have also issued reports on ACMR. Roth Capital began coverage on ACM Research in a research note on Wednesday, November 29th. They issued a “buy” rating and a $10.00 target price on the stock. Zacks Investment Research upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, Benchmark began coverage on ACM Research in a research note on Wednesday, December 13th. They issued a “buy” rating and a $10.00 target price on the stock.
Shares of ACM Research (NASDAQ ACMR) traded up $0.61 on Monday, hitting $7.85. The company’s stock had a trading volume of 165,945 shares, compared to its average volume of 42,234. The company has a market capitalization of $120.54 and a price-to-earnings ratio of -41.32. ACM Research has a 52-week low of $4.74 and a 52-week high of $8.48.
An institutional investor recently bought a new position in ACM Research stock. Granite Point Capital Management L.P. bought a new stake in ACM Research Inc (NASDAQ:ACMR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the specialty retailer’s stock, valued at approximately $131,000. Granite Point Capital Management L.P. owned 0.19% of ACM Research at the end of the most recent reporting period. 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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