Zacks Investment Research lowered shares of ACM Research (NASDAQ:ACMR) from a buy rating to a hold rating in a report released on Monday.

According to Zacks, “Acm Research, Inc. develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects. Acm Research, Inc. is headquartered in Fremont, California. “

A number of other equities research analysts have also recently commented on ACMR. ValuEngine cut ACM Research from a buy rating to a hold rating in a research note on Thursday, January 31st. Benchmark reiterated a buy rating and issued a $16.00 price target on shares of ACM Research in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. ACM Research has a consensus rating of Buy and an average price target of $17.13.

ACM Research stock opened at $13.80 on Monday. ACM Research has a one year low of $9.02 and a one year high of $15.51. The stock has a market capitalization of $167.47 million, a price-to-earnings ratio of 25.09 and a beta of -0.45.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Wednesday, March 6th. The specialty retailer reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. ACM Research had a return on equity of 20.72% and a net margin of 8.81%. The company had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $20.00 million. As a group, equities research analysts predict that ACM Research will post 0.5 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in ACMR. Northern Trust Corp purchased a new stake in ACM Research in the second quarter valued at about $877,000. JPMorgan Chase & Co. raised its stake in shares of ACM Research by 154.4% in the third quarter. JPMorgan Chase & Co. now owns 45,783 shares of the specialty retailer’s stock worth $506,000 after purchasing an additional 27,787 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of ACM Research by 70.3% in the third quarter. Vanguard Group Inc. now owns 279,837 shares of the specialty retailer’s stock worth $3,098,000 after purchasing an additional 115,563 shares during the last quarter. Vanguard Group Inc raised its stake in shares of ACM Research by 70.3% in the third quarter. Vanguard Group Inc now owns 279,837 shares of the specialty retailer’s stock worth $3,098,000 after purchasing an additional 115,563 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of ACM Research by 1.3% in the fourth quarter. BlackRock Inc. now owns 410,562 shares of the specialty retailer’s stock worth $4,467,000 after purchasing an additional 5,284 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

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 conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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