ACM Research Inc (ACMR) Receives a Rating Update from a Top Analyst


Benchmark Co. analyst Mark Miller maintained a Buy rating on ACM Research Inc (ACMR) today and set a price target of $23. The company’s shares closed yesterday at $21.35, close to its 52-week high of $21.88.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.0% and a 66.6% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.

Currently, the analyst consensus on ACM Research Inc is a Moderate Buy with an average price target of $23, implying a 7.7% upside from current levels. In a report issued on May 9, Craig-Hallum also reiterated a Buy rating on the stock with a $25 price target.

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The company has a one-year high of $21.88 and a one-year low of $9.02. Currently, ACM Research Inc has an average volume of 125.6K.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACMR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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