ACM Research (NASDAQ:ACMR)‘s stock had its “buy” rating reissued by equities research analysts at Craig Hallum in a research note issued to investors on Tuesday, The Fly reports. They presently have a $31.00 price target on the specialty retailer’s stock, up from their prior price target of $25.00. Craig Hallum’s price objective points to a potential downside of 1.87% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other brokerages have also commented on ACMR. Stifel Nicolaus lifted their target price on ACM Research from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine upgraded ACM Research from a “strong sell” rating to a “sell” rating in a research report on Monday, December 16th. Benchmark boosted their price objective on ACM Research from $19.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. TheStreet upgraded ACM Research from a “c” rating to a “b-” rating in a research report on Tuesday, December 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of ACM Research in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. ACM Research has an average rating of “Buy” and a consensus target price of $28.50.

Shares of ACMR opened at $31.59 on Tuesday. The firm has a market cap of $385.97 million, a price-to-earnings ratio of 57.44 and a beta of -0.43. The stock has a 50 day moving average of $18.26 and a 200-day moving average of $15.78. The company has a current ratio of 2.91, a quick ratio of 2.14 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 $31.83.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, November 6th. The specialty retailer reported $0.53 EPS for the quarter, topping the consensus estimate of $0.22 by $0.31. The company had revenue of $33.43 million during the quarter, compared to analyst estimates of $29.70 million. ACM Research had a return on equity of 32.04% and a net margin of 16.61%. On average, sell-side analysts predict that ACM Research will post 0.88 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in ACM Research by 671.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,920 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 3,412 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in ACM Research during the 3rd quarter valued at $68,000. Wells Fargo & Company MN raised its stake in ACM Research by 106.1% during the 2nd quarter. Wells Fargo & Company MN now owns 9,341 shares of the specialty retailer’s stock valued at $146,000 after acquiring an additional 4,808 shares in the last quarter. Bailard Inc. bought a new stake in ACM Research during the 3rd quarter valued at $152,000. Finally, JPMorgan Chase & Co. raised its stake in ACM Research by 436.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,950 shares of the specialty retailer’s stock valued at $169,000 after acquiring an additional 8,910 shares in the last quarter. Institutional investors and hedge funds own 17.97% 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 two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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