China smartphone shipments slumped in June on inventory overhang: Jefferies
Acm Research Inc. (ACMR) stock has reached a 52-week high, climbing to 32.5 USD. This milestone reflects a significant upward trend for the semiconductor equipment manufacturer, with a market capitalization of $2.07 billion and an attractive P/E ratio of 18.7. According to InvestingPro analysis, ACMR is currently trading below its Fair Value, suggesting potential upside opportunity. Over the past year, ACMR has experienced a substantial 78.22% increase in its stock price, with an even more impressive year-to-date return of 109.8%. The company’s recent achievements and strategic initiatives appear to be resonating well with investors, demonstrated by its 26.2% revenue growth and "GREAT" Financial Health Score. InvestingPro subscribers have access to 12 additional investment tips and a comprehensive Pro Research Report for ACMR, offering deeper insights into the company’s potential.
In other recent news, ACM Research (NASDAQ:ACMR) reported its financial results for the first quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.46, exceeding the forecast of $0.3186, and reported revenue of $172.3 million, which was above the expected $170.25 million. Additionally, ACM Research’s management has maintained its full-year 2025 revenue guidance of $850-950 million. The company anticipates that its Track and Plasma Enhanced Chemical Vapor Deposition (PECVD) products will start contributing to revenue by the end of 2025, with a more significant impact expected in 2026.
Benchmark has reiterated a Buy rating on ACM Research, with a price target of $38.00, following discussions about the company’s serviceable addressable market and long-term business model. In contrast, Jefferies revised its price target for ACM Research shares to $30.00 from $34.00, while maintaining a Buy rating. Jefferies noted that ACM Research’s first-quarter earnings exceeded expectations, with EBIT and net profit surpassing forecasts by 44%. These developments highlight ACM Research’s operational performance and strategic outlook.
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