ACM Research (ACMR) Gets a Buy Rating from Needham

By Jason Carr

In a report released today, Quinn Bolton from Needham maintained a Buy rating on ACM Research (ACMRResearch Report), with a price target of $20.00. The company’s shares closed last Monday at $15.27.

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 21.3% and a 71.5% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as Ultra Clean Holdings, Skyworks Solutions, and Applied Materials.

Currently, the analyst consensus on ACM Research is a Moderate Buy with an average price target of $21.00.

See today’s analyst top recommended stocks >>

The company has a one-year high of $21.88 and a one-year low of $9.02. Currently, ACM Research has an average volume of 130.3K.

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.