ACM Research Maintained FY24 Revenue of $650M-$725M Vs $699.37M Est

5/8/24 6:05:12 AM ET

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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.

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Recent Analyst Ratings for
$ACMR

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

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Market Insights

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Looking Into ACM Research's Recent Short Interest
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
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ACM Research Reports Third Quarter 2024 Results
FREMONT, Calif., Nov. 07, 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 third quarter ended September 30, 2024. "I am pleased to report another strong quarter for ACM, with record revenue and shipments, good profitability, and positive cash flow from operations," said ACM's President and Chief Executive Officer, Dr. David Wang. "We believe our results demonstrate ACM's role as an innovator, delivering world-class tools that drive value for our customers and strengthen our position in the global market. Tahoe is
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ACM Research to Release Third Quarter 2024 Preliminary Revenue Range on October 30, 2024 and Full Financial Results on November 7, 2024
FREMONT, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ: ACMR) announced today that it will release its preliminary revenue range for the third quarter of 2024 before the U.S. market open on Wednesday, October 30, 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 third quarter of 2024 before the U.S. market open on Thursday, November 7, 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 Third Quarter (ended September 30,
10/17/24 4:05:00 PM ET
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ACM Research's Operating Subsidiary ACM Research (Shanghai) Provides Backlog Data
FREMONT, Calif., Sept. 30, 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 that its operating subsidiary ACM Research (Shanghai), Inc. ("ACM Shanghai") posted backlog figures for ACM Shanghai as of September 30, 2024 and September 27, 2023 on the Shanghai Stock Exchange website [link to China Disclosure]. Backlog As of September 30, 2024 and September 27, 2023, ACM Shanghai's total backlog amounted to RMB 6,764.6 million (USD $964.8 million), and RMB 6,795.8 million respectively. The total backlog figures include a mix of orders for tools
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ACM Research Appoints Howard Chen as General Counsel and Vice President of Corporate Strategy
FREMONT, Calif., July 29, 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 Howard Chen as General Counsel and Vice President of Corporate Strategy, effective July 1, 2024. ACM's President and Chief Executive Officer Dr. David Wang, commented, "I am pleased to welcome Howard Chen to the ACM team. His legal knowledge and industry insight will be a valuable asset as we continue to navigate the complexities of the global semiconductor industry. We are confident that Howard's leadership will enhance our legal strategies and IP
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ACM Research Appoints David Kim as CEO of ACM Research Korea
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
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ACM Research Appoints Armanino LLP as Auditor for 2022
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
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ACM Research Reports Third Quarter 2024 Results
FREMONT, Calif., Nov. 07, 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 third quarter ended September 30, 2024. "I am pleased to report another strong quarter for ACM, with record revenue and shipments, good profitability, and positive cash flow from operations," said ACM's President and Chief Executive Officer, Dr. David Wang. "We believe our results demonstrate ACM's role as an innovator, delivering world-class tools that drive value for our customers and strengthen our position in the global market. Tahoe is
11/7/24 5:00:00 AM ET
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ACM Research Announces Major Performance Breakthrough for Ultra C Tahoe Cleaning Tool for Front-End Semiconductor Manufacturing
FREMONT, Calif., Nov. 07, 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 a major performance breakthrough for its flagship Ultra C Tahoe Cleaning tool. The resulting enhancements are designed to meet demanding technical requirements of advanced nodes for foundry, logic and memory applications. The Ultra C Tahoe now achieves the performance of standalone single-wafer cleaning tools on low-to-medium temperature sulfuric peroxide mix (SPM) processes. Tahoe's patented hybrid architecture is among the first in the industry to combine batch wafe
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ACM Research Announces Preliminary Unaudited Revenue and Shipments for the Third Quarter 2024
FREMONT, Calif., Oct. 30, 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 third 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 financial results for the third quarter 2024 and its revenue outlook for the remainder of the year on its
10/30/24 7:00:00 AM ET
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ACM Research Maintained FY24 Revenue of $650M-$725M Vs $699.37M Est

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Recent Analyst Ratings for $ACMR

$ACMR SEC Filings

Amendment: SEC Form SCHEDULE 13G/A filed by ACM Research Inc.

ACM Research Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

SEC Form 10-Q filed by ACM Research Inc.

$ACMR Market Insights

Live Market Insights

Looking Into ACM Research's Recent Short Interest

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Shares of semiconductor stocks are trading higher. Softer-than-expected CPI figures have lifted socks on Wednesday while AI optimism continues to boost the sector.

$ACMR Financials

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ACM Research Reports Third Quarter 2024 Results

ACM Research to Release Third Quarter 2024 Preliminary Revenue Range on October 30, 2024 and Full Financial Results on November 7, 2024

ACM Research's Operating Subsidiary ACM Research (Shanghai) Provides Backlog Data

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$ACMR Leadership Updates

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ACM Research upgraded by Goldman with a new price target

ACM Research upgraded by Jefferies with a new price target

ACM Research upgraded by Morgan Stanley

Director Dun Haiping exercised 35,000 shares at a strike of $0.50 and covered exercise/tax liability with 942 shares, increasing direct ownership by 5% to 789,148 units (SEC Form 4)

Officer Wang David H exercised 270,000 shares at a strike of $0.50 and covered exercise/tax liability with 7,262 shares, increasing direct ownership by 52% to 766,756 units (SEC Form 4)

Possible member of 10% group Shanghai Science & Technology Venture Capital (Group) Co., Ltd. sold $23,519,660 worth of shares (1,065,396 units at $22.08), decreasing direct ownership by 31% to 2,338,510 units (SEC Form 4)

ACM Research Appoints Howard Chen as General Counsel and Vice President of Corporate Strategy

ACM Research Appoints David Kim as CEO of ACM Research Korea

ACM Research Appoints Armanino LLP as Auditor for 2022

$ACMR Press Releases

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ACM Research Reports Third Quarter 2024 Results

ACM Research Announces Major Performance Breakthrough for Ultra C Tahoe Cleaning Tool for Front-End Semiconductor Manufacturing

ACM Research Announces Preliminary Unaudited Revenue and Shipments for the Third Quarter 2024

$ACMR Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by ACM Research Inc.

Amendment: SEC Form SC 13D/A filed by ACM Research Inc.

SEC Form SC 13G/A filed by ACM Research Inc. (Amendment)

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