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.
Acm Research stock last closed at $12.05, down 2.35% from the previous day, and has decreased 53.31% in one year. It has underperformed other stocks in the Semiconductor Equipment & Materials industry by 0.49 percentage points. Acm Research stock is currently +120.7% from its 52-week low of $5.46, and -59.15% from its 52-week high of $29.50.
There are currently 59.46M shares of ACMR outstanding. The market cap of ACMR is $716.50M. In the past 24 hours, 532,137 ACMR shares were traded.
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You can view all of the due diligence checks on ACMR's stock page.
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Out of 3 sell side analysts who track ACMR, the consensus analyst rating on Acm Research is a Hold
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Quinn Bolton, a top 1% analyst from Needham maintains ACMR with a buy rating and raises their ACMR price target from $10.00 to $12.00, on Jan 31, 2023.
Nick Cheng, a bottom 42% analyst from Jefferies upgrades ACMR to a hold rating and lowers their ACMR price target from $8.00 to $7.00, on Nov 7, 2022.
Cheng lowered his price target on ACM Research, Inc. by 12.5% following the release of the company's Q3 2022 earnings report on 2022/11/04.
Q3's beat was driven by a "great result" for its flagship cleaning tools and strong growth of new ECP/furnace tools, the analyst said.
However, management reduced the top end of its FY 2022 revenue guidance from $405M to $385M because of "supply constraints and new U.S. restrictions* on sales to China," Cheng continued.
* Reported here.
The analyst told investors he sees "lowered delisting risk and the overall impact from U.S. restrictions being limited to advanced nodes."
Nevertheless, Cheng cautioned that "risk from the recent BIS restrictions** is still an overhang and over-compliance or further restrictions are potential new risks."
** A reference to the restrictions on sales to China. (See here.)
For Q3 2022, ACM Research reported:
For FY 2022, management guided:
President & CEO Dr. David Wang commented: "Record revenue was achieved as operations largely returned to normal following the COVID-related restrictions in the first half of the year.
"We saw good progress at major semiconductor manufacturers outside of China. The evaluation is going well of two cleaning tools at the U.S. facility of a large U.S.-based manufacturer, and we are gaining traction with potential new customers in Europe and other regions.
"Construction of our Lingang production and R&D center is on track, and we are in the final stages of selecting a site to expand our R&D and production facilities in South Korea.”
“We have lowered the upper end of our FY 2022 revenue outlook to reflect the impact of the new U.S. trade policies and supply chain constraints. We anticipate our PRC-based customers to adapt to the new regulations, and to increase investments in capacity for mature nodes and power devices.
"Meanwhile, we are accelerating our efforts to participate in advanced node development for leading-edge fabs of global customers.”
Charlie Chan, a bottom 17% analyst from Morgan Stanley downgrades ACMR to a hold rating and lowers their ACMR price target from $28.00 to $9.00, on Oct 18, 2022.
You can dig deeper into what analysts are saying on the Acm Research stock forecast page.
Last year, ACMR earnings were $43.02M. During the last four year, ACMR's earnings have grown by 23.75% per year. This was slower than the Semiconductor Equipment & Materials industry average of 25.19%.
Last year, ACMR revenue was $375.43M. Over the past 5 year, ACMR's revenue has gone up by 61.99% per year. This was faster than the Semiconductor Equipment & Materials industry average of 16.07%.
You can analyze ACMR's earnings and revenue performance here.
In the past year, insiders at ACMR have bought more shares than they have sold.
Haiping Dun, Director of ACMR, was the latest ACMR insider to sell. They sold $297,806.61 worth of ACMR stock on Nov 30, 2022.
Dig into more about who owns ACMR shares here.
No, Acm Research doesn't provide an income stream by paying out dividends.
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