ACM Research (NASDAQ:ACMR) Releases Earnings Results, Beats Expectations By $0.12 EPS

ACM Research (NASDAQ:ACMR) posted its quarterly earnings data on Tuesday, May 7th. The specialty retailer reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.12, Fidelity Earnings reports. The business had revenue of $20.48 million during the quarter, compared to the consensus estimate of $17.50 million. ACM Research had a return on equity of 25.10% and a net margin of 13.13%.

Shares of ACMR stock opened at $19.26 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.03 and a debt-to-equity ratio of 0.06. ACM Research has a 12-month low of $9.02 and a 12-month high of $21.88. The company has a market cap of $269.03 million, a PE ratio of 27.07 and a beta of -0.27.

An institutional investor recently raised its position in ACM Research stock. Geode Capital Management LLC lifted its stake in shares of ACM Research Inc (NASDAQ:ACMR) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,179 shares of the specialty retailer’s stock after purchasing an additional 3,782 shares during the period. Geode Capital Management LLC owned 0.55% of ACM Research worth $839,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 10.32% of the company’s stock.

ACMR has been the topic of a number of research analyst reports. ValuEngine raised shares of ACM Research from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Benchmark reiterated a “buy” rating and issued a $16.00 price objective on shares of ACM Research in a research note on Friday, March 8th. Zacks Investment Research lowered shares of ACM Research from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Craig Hallum reiterated a “buy” rating and issued a $25.00 price objective (up previously from $20.00) on shares of ACM Research in a research note on Thursday, May 9th.

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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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Earnings History for ACM Research (NASDAQ:ACMR)

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