Benchmark Co. analyst Mark Miller reiterated a Buy rating on ACM Research (ACMR) today and set a price target of $19.00. The company’s shares closed last Monday at $15.65.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.2% and a 69.5% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Universal Display, and MKS Instruments.
Currently, the analyst consensus on ACM Research is a Strong Buy with an average price target of $20.33, which is a 30.3% upside from current levels. In a report issued on October 30, Needham also assigned a Buy rating to the stock with a $20.00 price target.
See today’s analyst top recommended stocks >>
ACM Research’s market cap is currently $280.6M and has a P/E ratio of 23.29. The company has a Price to Book ratio of 4.22.
Based on the recent corporate insider activity of 9 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.
