In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on ACM Research Inc (ACMR), with a price target of $21. The company’s shares closed yesterday at $18.42, close to its 52-week high of $19.50.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.0% and a 67.6% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, MKS Instruments, and Nanometrics Inc.
Currently, the analyst consensus on ACM Research Inc is a Moderate Buy with an average price target of $21.
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Based on ACM Research Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $2.29 million. In comparison, last year the company had a GAAP net loss of $2.78 million.
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ACM Research, Inc. engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It operates through the Space Alternated Phase Shift and Timely Energized Bubble Oscillation technology. The company was founded by David H. Wang in January 1998 and is headquartered in Fremont, CA.
