Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

While digital innovation served as the backbone of last year’s resilient market performance, investors moving forward may want to concentrate on top-rated tech stocks. Specifically, these ideas have the endorsement of Wall Street analysts who have pegged the enterprises as strong buys.Of course, you want to do your own research. And it also pays to understand that experts are, at the end of the day, human. They make mistakes just like everybody else. However, the difference is that these folks didn’t just l ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 15th:ACM Research (ACMR) : This company which develops, manufactures and sells single-wafer wet cleaning equipment, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.ACM Research’s shares gained 17.1% over the last three month compared with the S&P 500’s gain of 9.6%. The company possesses a Momentum Sco ...

SweetBunFactory ACMR Stock Soars on Updated Guidance After announcing an improved revenue outlook for 2023 and a positive guidance for 2024, ACM Research (NASDAQ:ACMR) saw its stock price increase by over 20% last week. The company now anticipates revenue of $530 million to $545 million for 2023, an increase from the previous estimate of $520 million to $540 million. For 2024, the company forecasts revenue of $650 million to $725 million, indicating its strong growth momentum in the semiconductor market ...

Shares of ACM Research (ACMR 11.63%) were moving higher today after the company updated its full-year guidance for 2023 and gave better-than-expected guidance for 2024.As a result, the semiconductor stock was up 10.8% as of 12:10 p.m. ET. ACM surprises to the upsideACM Research makes wafer-cleaning equipment for the semiconductor industry and it occupies a unique niche in the sector. The stock soared in 2023 on broader gains in the sector, and 2024 seems to be off to a strong start as well. In what was esse ...

—Updates 2023 Revenue Outlook to $530 to $545 Million— —Projected 2024 Revenue of $650 to $725 Million— —ACM to Participate at Upcoming Conference and Event— FREMONT, Calif., Jan. 09, 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 has updated its full year 2023 revenue outlook to a range of $530 million to $545 million, versus a range of $520 million to $540 million a ...

FREMONT, Calif., Dec. 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 its participation in the following upcoming investor conferences. January 8th, 2024: UBS Greater China Conference 2024 at Pudong Shangri-La Hotel in ShanghaiJanuary 16th, 2024: 26th Annual Needham Growth Conference (Virtual) Management will be available for one-on-one and group meetings w ...

Shares of semiconductor-manufacturing equipment company ACM Research (ACMR 4.24%) are up just over 100% since last December as the company ratchets up its sales to China's burgeoning chipmaking industry. Revenue is up 38% through the first nine months of 2023, and earnings per share (EPS) have more than doubled. That said, after a massive run-up, it looks like ACM is showing signs of slowing a bit. Optimism is still running high, though, as China is highly motivated to develop its own chip manufacturing cap ...

ACM Research, Inc. (NASDAQ:ACMR) Q3 2023 Earnings Conference Call November 7, 2023 8:00 AM ET Company Participants Gary Dvorchak - Managing Director of The Blueshirt Group David Wang - President and Chief Executive Officer Mark McKechnie - Chief Financial Officer and Treasurer Lisa Feng - Chief Financial Officer of ACM Shanghai Conference Call Participants Charles Shi - Needham & Company Suji Desilva - Roth Capital Partners Christian Schwab - Craig-Hallum Capital Charlie Chan - Morgan Stanley Operator Good ...

Financial Performance - Revenue for the three months ended September 30, 2023, was $168,569 million, a 26% increase from $133,709 million in the same period of 2022[18]. - Gross profit for the nine months ended September 30, 2023, reached $197,139 million, up from $129,810 million, reflecting a 52% increase year-over-year[18]. - Net income attributable to ACM Research, Inc. for the three months ended September 30, 2023, was $25,679 million, up from $21,004 million in the same period of 2022, representing a 22% increase[18]. - Net income for the nine months ended September 30, 2023, was $73,554 thousand, compared to $36,381 thousand for the same period in 2022, representing a 102% increase[26]. - Basic net income attributable to ACM Research, Inc. per share for the three months ended September 30, 2023, was $0.43, compared to $0.35 in the same period of 2022[18]. - For the three months ended September 30, 2023, net income was $30,994,000, an increase of 14.1% compared to $27,076,000 for the same period in 2022[93]. - For the nine months ended September 30, 2023, total revenue reached $387,402,000, compared to $280,290,000 for the same period in 2022, indicating a growth of 38.2%[102]. Assets and Liabilities - Total current assets increased to $1,115,894 thousand as of September 30, 2023, compared to $963,806 thousand at December 31, 2022, representing a growth of approximately 15.8%[15]. - Total liabilities grew to $532,118 thousand from $423,329 thousand, an increase of approximately 25.7%[15]. - Stockholders' equity increased to $729,050 thousand from $674,856 thousand, representing a growth of about 8%[15]. - Total equity as of September 30, 2023, was $878,130 thousand, up from $774,098 thousand as of June 30, 2023, indicating a growth of approximately 13.4%[23]. - Property, plant, and equipment net value rose to $190.9 million as of September 30, 2023, from $82.9 million as of December 31, 2022[119]. - Long-term borrowings rose to $39,753 thousand from $18,687 thousand, an increase of approximately 112.5%[15]. Cash Flow and Investments - Cash flow used in operating activities for the nine months ended September 30, 2023, was $(42,117) thousand, an improvement from $(61,397) thousand in the same period of 2022[26]. - Cash, cash equivalents, and restricted cash at the end of the period were $207,661 thousand, down from $336,642 thousand at the end of the previous period[27]. - The company reported a net decrease in cash of $(40,790) thousand for the nine months ended September 30, 2023, compared to $(226,425) thousand for the same period in 2022[27]. - The company has significant time deposits totaling $118,834 as of September 30, 2023, down from $172,448 on December 31, 2022, a decrease of 31.1%[80]. - The company incurred a total of $7,952 in purchases from related party Ninebell for the three months ended September 30, 2023, down from $12,132 in the same period of 2022, representing a decrease of 34.9%[164]. Operating Expenses - Operating expenses for the three months ended September 30, 2023, totaled $55,341 million, compared to $34,331 million in the same period of 2022, marking a 61% increase[18]. - The total operating expenses for the nine months ended September 30, 2023, were $124,674 million, compared to $87,445 million in the same period of 2022, reflecting a 43% increase[18]. - Research and development expenses for the three months ended September 30, 2023, were $26,151 million, a significant increase from $15,678 million in the same period of 2022, reflecting a 67% rise[18]. Regulatory and Market Risks - The company is facing regulatory risks due to new export controls from Japan and the Netherlands, which may adversely impact shipments and sales in mainland China[59]. - ACM Shanghai's customers and operations are primarily based in mainland China, which poses risks due to recent U.S. export restrictions affecting semiconductor manufacturing[53]. - The U.S. government enacted new rules in October 2022 and revised them in October 2023, impacting ACM's ability to support customers in mainland China[53]. Stock and Equity - ACM issued 623,244 shares of Class A common stock during the three months ended September 30, 2023, compared to 231,710 shares issued in the same period of 2022, reflecting a 169.5% increase[166]. - The number of shares of Class A common stock issued and outstanding increased to 55,574,734 as of September 30, 2023, from 54,655,286 as of December 31, 2022[166]. - The total stock-based compensation expense for the nine months ended September 30, 2023, was $14,666 thousand, compared to $5,236 thousand for the same period in 2022, representing an increase of 180%[187]. Taxation - The company recorded an income tax expense of $11,235 thousand for the nine months ended September 30, 2023, down from $14,138 thousand in the same period of 2022[193]. - The effective income tax rate for ACM differs from statutory rates due to valuation allowances and permanent differences, impacting the overall tax expense recorded[193]. - The Company has total unrecognized tax benefits of $8,448, with a potential net impact of $6,178 on the effective tax rate if recognized[195].