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. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers with fine feature sizes; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating. The company markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.
IPO Year: 2017
Exchange: NASDAQ
Website: acmrcsh.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/29/2024 | $39.00 | Neutral → Buy | Goldman |
7/3/2023 | $9.00 → $23.40 | Underperform → Buy | Jefferies |
3/6/2023 | Underweight → Overweight | Morgan Stanley | |
2/27/2023 | $7.00 → $8.00 | Hold → Underperform | Jefferies |
2/22/2023 | $10.00 | Equal-Weight → Underweight | Morgan Stanley |
11/7/2022 | $8.00 → $7.00 | Underperform → Hold | Jefferies |
10/18/2022 | $28.00 → $9.00 | Overweight → Equal-Weight | Morgan Stanley |
10/11/2022 | $8.00 | Hold → Underperform | Jefferies |
5/9/2022 | $44.00 → $20.00 | Buy → Neutral | Goldman |
1/6/2022 | $100.00 → $110.00 | Buy | Needham |
8-K - ACM Research, Inc. (0001680062) (Filer)
8-K - ACM Research, Inc. (0001680062) (Filer)
8-K - ACM Research, Inc. (0001680062) (Filer)
10-Q - ACM Research, Inc. (0001680062) (Filer)
8-K - ACM Research, Inc. (0001680062) (Filer)
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8-K - ACM Research, Inc. (0001680062) (Filer)
8-K - ACM Research, Inc. (0001680062) (Filer)
S-3ASR - ACM Research, Inc. (0001680062) (Filer)
FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced the appointment of David Kim as Chief Executive Officer of ACM Research Korea CO., LTD. ("ACM Research Korea"). Mr. Kim brings more than thirty years of semiconductor manufacturing experience to his new role, having held senior positions at major corporations such as Hyundai Electronics and SK Hynix. His extensive expertise encompasses leadership roles in semiconductor operations in the U.S., Korea and China. Mr. Kim holds a Bachelor of Science degree in Materials Scie
FREMONT, Calif., May 19, 2022 (GLOBE NEWSWIRE) -- ACM Research, Inc. (ACM) (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced that Armanino LLP (Armanino) has been appointed as ACM's independent registered public accounting firm to audit ACM's consolidated financial statements for the fiscal year ending December 31, 2022. ACM's engagement of Armanino as independent auditor for 2022 completes ACM's previously announced process to identify and appoint an independent public accounting firm subject to inspection by the Public Company Accounting Oversight Board (PCAOB), in order to enable ACM to c
FREMONT, Calif., May 06, 2021 (GLOBE NEWSWIRE) -- ACM Research, Inc. (NASDAQ:ACMR) ("ACM"), a leading supplier of wafer cleaning technologies for advanced semiconductor devices, today announced the appointment of Elad Nadler as Senior Director of Service for North America and Europe. In this role reporting to Jim Straus, VP of Sales of North America and Europe, Elad will lead ACM's service and spares organization and will be responsible for all customer service throughout those regions, with a focus on expanding adoption of ACM's core technologies and services at major semiconductor companies. Elad has served for more than twenty years in customer support, product support development, fie
ACM Research's (NYSE:ACMR) short percent of float has risen 3.04% since its last report. The company recently reported that it has 4.04 million shares sold short, which is 8.81% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.01 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest i
Will Russia Finally Retaliate Outside Of The Ukraine? The Ukrainian attack that killed at least 5 Russian beachgoers and wounded another 124 in Sevastopol on Sunday reportedly used American-supplied ATACMS missiles armed with cluster munition warheads. A number of open source intelligence analysts have suggested the missiles were observed and may have even been directed by a U.S. Air Force surveillance drone operating nearby at the time. As ZeroHedge noted in the post I linked to above, Likely Russia is gearing up to pummel multiple sites across Ukraine, and will try to go after bases hosting foreign military equipment and arms storehouses. But will Russia also retaliate outside
ACM Research's (NYSE:ACMR) short percent of float has fallen 6.55% since its last report. The company recently reported that it has 3.79 million shares sold short, which is 8.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.94 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
America's Next Financial Crisis In our last post ("America's Next Financial Crisis"), we wrote about how one economist estimates that America's next financial crisis could lead to a 27% decline in living standards. America's Next Financial Crisis Why one economist thinks it may lead to a 27% drop in American living standards. https://t.co/DqAc0wGu2M — Portfolio Armor (@PortfolioArmor) May 21, 2024 That raises the question of how to invest in response to that, and we didn't really address that there. Instead, we talked about "making hay while the sun shines" and how we were placing an earnings trade on our #1 stock this week. Let's address it here though. From The Viewpoint Of Calamity
In the last three months, 5 analysts have published ratings on ACM Research (NASDAQ:ACMR), offering a diverse range of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 4 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $36.0, a high estimate of $39.00, and a low estimate of $34.00. This current average has increased by 18.69% fr
Needham analyst Charles Shi reiterates ACM Research (NASDAQ:ACMR) with a Buy and maintains $34 price target.
Outlook ACM is maintaining its revenue guidance range of $650 million to $725 million for fiscal year 2024. This expectation is based on ACM management's current assessment of the continuing impact from international trade policy, together with various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field, among other factors.
FREMONT, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its financial results for the second quarter of 2024 before the U.S. market open on Wednesday, August 7, 2024. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results. What:ACM Second Quarter (ended June 30, 2024) Earnings CallWhen:8:00 a.m. U.S. Eastern Time on Wednesday, August 7, 2024Webcast:ir.acmrcsh.com/events To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive
FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its first quarter ended March 31, 2024. "I am pleased with our first quarter results, a solid start for 2024. We delivered 105% revenue growth, record shipments, and strong profitability," said ACM's President and Chief Executive Officer, Dr. David Wang. "Our results demonstrate continued spending on mature nodes by our mainland China customers, contribution from new products, and market share gains at both existing and new customers."
FREMONT, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its preliminary revenue range for the first quarter of 2024 before the U.S. market open on Friday, April 26, 2024, to coincide with reporting obligations of ACM Research (Shanghai), Inc., ACM's principal operating subsidiary, to the Shanghai Stock Exchange. ACM will release its full financial results for the first quarter of 2024 before the U.S. market open on Wednesday, May 8, 2024. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results. What:ACM First Quarter (ended March 31, 2024) Ea
FREMONT, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. "2023 was another pivotal year in ACM's mission to become a major supplier to the global semiconductor industry," said ACM's President and Chief Executive Officer, Dr. David Wang. "We grew revenue by 43%, well above the market growth of wafer fab equipment (WFE) spending in mainland China. We delivered improved operating margins, and made great progress with new products, new customers an
FREMONT, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its financial results for the fourth quarter and fiscal year 2023 before the U.S. market open on Wednesday, February 28, 2024. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (9:00 p.m. China Time) to discuss the results. What:ACM Fourth Quarter and Fiscal Year (ended December 31, 2023) Earnings CallWhen: 8:00 a.m. U.S. Eastern Time on Wednesday, February 28, 2024Webcast:ir.acmrcsh.com/events To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon register
FREMONT, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its third quarter ended September 30, 2023. "We delivered another solid quarter. Revenue grew 26% and shipments were a record $213 million, up 31%," said ACM's President and Chief Executive Officer, Dr. David Wang. "Our results demonstrate spending on mature nodes and market share gains at our customer base, together with more contribution from new products and new customers." Dr. Wang continued, "I am pleased with continued customer demand a
FREMONT, Calif., Oct. 19, 2023 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ: ACMR) announced today that it will release its preliminary revenue range for the third quarter of 2023 before the U.S. market open on Friday, October 27, 2023, to coincide with reporting obligations of ACM Research (Shanghai), Inc., ACM's principal operating subsidiary, to the Shanghai Stock Exchange. ACM will release its full financial results for the third quarter of 2023 before the U.S. market open on Tuesday, November 7, 2023. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (9:00 p.m. China Time) to discuss the results. What:ACM Third Quarter (ended September 30, 2023
FREMONT, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced that its operating subsidiary ACM Research (Shanghai), Inc. ("ACM Shanghai") posted backlog figures for ACM Shanghai as of September 27, 2023 and September 30, 2022 on the Shanghai Stock Exchange website [link to China Disclosure]. Backlog As of September 27, 2023 and September 30, 2022, ACM Shanghai's total backlog amounted to RMB 6,795.8 million (USD $929.5 million), and RMB 4,644.2 million respectively. The total backlog figures include a mix of orders for tools
FREMONT, Calif., Aug. 04, 2023 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM" or the "Company") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its second quarter ended June 30, 2023. "I am pleased with our second quarter results, with strong revenue growth and good profitability, as our operations have largely returned to a "new-normal" following several years of COVID-related disruptions," said ACM's President and Chief Executive Officer, Dr. David Wang. "Our results demonstrate good spending on mature nodes and market share gains at our customer base, together with pen
FREMONT, Calif., July 19, 2023 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its financial results for the second quarter of 2023 before the U.S. market open on Friday, August 4, 2023. The company will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results. What:ACM Second Quarter (ended June 30, 2023) Earnings CallWhen:8:00 a.m. U.S. Eastern Time on Friday, August 4, 2023Webcast:ir.acmrcsh.com/events To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will rec
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Goldman upgraded ACM Research from Neutral to Buy and set a new price target of $39.00
Jefferies upgraded ACM Research from Underperform to Buy and set a new price target of $23.40 from $9.00 previously
Morgan Stanley upgraded ACM Research from Underweight to Overweight
Jefferies downgraded ACM Research from Hold to Underperform and set a new price target of $8.00 from $7.00 previously
Morgan Stanley downgraded ACM Research from Equal-Weight to Underweight and set a new price target of $10.00
Jefferies upgraded ACM Research from Underperform to Hold and set a new price target of $7.00 from $8.00 previously
Morgan Stanley downgraded ACM Research from Overweight to Equal-Weight and set a new price target of $9.00 from $28.00 previously
Jefferies downgraded ACM Research from Hold to Underperform and set a new price target of $8.00
Goldman downgraded ACM Research from Buy to Neutral and set a new price target of $20.00 from $44.00 previously
Needham reiterated coverage of ACM Research with a rating of Buy and set a new price target of $110.00 from $100.00 previously
FREMONT, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its financial results for the second quarter of 2024 before the U.S. market open on Wednesday, August 7, 2024. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results. What:ACM Second Quarter (ended June 30, 2024) Earnings CallWhen:8:00 a.m. U.S. Eastern Time on Wednesday, August 7, 2024Webcast:ir.acmrcsh.com/events To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive
FREMONT, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced its participation in the following upcoming investor conferences. May 29th: Craig-Hallum 21st Annual Institutional Investor Conference at the Depot Renaissance Hotel in Minneapolis.June 26th: ROTH 10th Annual London Conference at the Four Seasons Park Lane in London. Management will be available to meet with institutional investors at each of these events. Interested investors who wish to request a meeting should contact their institutional sales representative at eac
FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its first quarter ended March 31, 2024. "I am pleased with our first quarter results, a solid start for 2024. We delivered 105% revenue growth, record shipments, and strong profitability," said ACM's President and Chief Executive Officer, Dr. David Wang. "Our results demonstrate continued spending on mature nodes by our mainland China customers, contribution from new products, and market share gains at both existing and new customers."
FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today introduced its Frame Wafer Cleaning Tool for advanced packaging. The tool effectively cleans semiconductor wafers during the post-debonding cleaning process. The Frame Wafer Cleaning Tool also includes an innovative solvent reclamation system that provides environmental and cost benefits. This feature enables nearly 100% recovery and filtration of the solvents, thus reducing the use of consumables used during the production process. ACM also announced today that it has successful
FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced the appointment of David Kim as Chief Executive Officer of ACM Research Korea CO., LTD. ("ACM Research Korea"). Mr. Kim brings more than thirty years of semiconductor manufacturing experience to his new role, having held senior positions at major corporations such as Hyundai Electronics and SK Hynix. His extensive expertise encompasses leadership roles in semiconductor operations in the U.S., Korea and China. Mr. Kim holds a Bachelor of Science degree in Materials Scie
Coincides with Release of ACM Shanghai First Quarter 2024 ResultsACM Reaffirms 2024 Revenue Outlook FREMONT, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announces expectations for preliminary unaudited revenue and total shipments for the first quarter of 2024. Today's release coincides with the as-scheduled release of unaudited financial results by ACM Research (Shanghai), Inc., ACM's principal operating subsidiary ("ACM Shanghai"), to the Shanghai Stock Exchange website [link to China Disclosure]. ACM will discuss its full fin
FREMONT, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its preliminary revenue range for the first quarter of 2024 before the U.S. market open on Friday, April 26, 2024, to coincide with reporting obligations of ACM Research (Shanghai), Inc., ACM's principal operating subsidiary, to the Shanghai Stock Exchange. ACM will release its full financial results for the first quarter of 2024 before the U.S. market open on Wednesday, May 8, 2024. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results. What:ACM First Quarter (ended March 31, 2024) Ea
FREMONT, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced its participation in the 36th Annual ROTH Conference at The Ritz Carlton, Laguna Niguel located in Dana Point, California on Monday, March 18, 2024. Management will be available for one-on-one and small group meetings with institutional investors on Monday, March 18, 2024. For more information about the conference or to request a one-on-one meeting, please contact a Roth sales representative. About ACM Research, Inc. ACM develops, manufactures and sells semiconduct
FREMONT, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. "2023 was another pivotal year in ACM's mission to become a major supplier to the global semiconductor industry," said ACM's President and Chief Executive Officer, Dr. David Wang. "We grew revenue by 43%, well above the market growth of wafer fab equipment (WFE) spending in mainland China. We delivered improved operating margins, and made great progress with new products, new customers an
FREMONT, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its financial results for the fourth quarter and fiscal year 2023 before the U.S. market open on Wednesday, February 28, 2024. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (9:00 p.m. China Time) to discuss the results. What:ACM Fourth Quarter and Fiscal Year (ended December 31, 2023) Earnings CallWhen: 8:00 a.m. U.S. Eastern Time on Wednesday, February 28, 2024Webcast:ir.acmrcsh.com/events To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon register