The semiconductor market has recovered steadily over the past few months and sales are up from the year-ago levels. Soaring demand from many industries has been driving sales lately after a difficult first half of 2023.The Semiconductor Industry Association (SIA) reported on Mar 4 that global semiconductor sales totaled $47.6 billion in January, increasing a solid 15.2% year over year from $41.3 billion. Although monthly sales unexpectedly fell marginally by 2.1%, the semiconductor market is on track for a ...

Core Viewpoint - ACM Research, Inc. (ACMR) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates [1][2]. Current-Quarter Estimate Revisions - The expected earnings for the current quarter are $0.36 per share, reflecting a year-over-year increase of +140% [3]. - Over the past 30 days, the Zacks Consensus Estimate for ACM Research has risen by 116.67%, with one estimate moving higher and no negative revisions [3]. Current-Year Estimate Revisions - For the full year, the earnings estimate stands at $1.62 per share, indicating a slight decrease of -0.61% from the previous year [4]. - The consensus estimate for the current year has increased by 15.09%, with one estimate moving higher and no negative revisions [4]. Favorable Zacks Rank - ACM Research has achieved a Zacks Rank 1 (Strong Buy) due to positive estimate revisions, which is a reliable indicator for investors [5]. - Research indicates that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [5]. Bottom Line - Strong estimate revisions have led to a 77.3% increase in ACM Research's stock price over the past four weeks, suggesting potential for further upside [6].

ACM Research, Inc. (ACMR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individua ...

Group 1 - ACM Research, Inc. (ACMR) shares have increased by 77.3% over the past four weeks, closing at $29.22, with a mean price target of $37.38 indicating a potential upside of 27.9% [1] - The average price target consists of seven estimates ranging from $34 to $40, with a standard deviation of $2.59, suggesting a high level of agreement among analysts [1] - The lowest estimate indicates a 16.4% increase from the current price, while the highest suggests a 36.9% upside [1] Group 2 - Analysts show strong agreement on ACMR's ability to report better earnings, with a positive trend in earnings estimate revisions, which is a strong indicator of potential stock upside [2][5] - Over the last 30 days, one earnings estimate has increased, leading to a 15.1% rise in the Zacks Consensus Estimate for the current year [5] - ACMR holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [5] Group 3 - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement direction and magnitude [4] - While price targets should not be the sole basis for investment decisions, they can serve as a starting point for further research into fundamental drivers [4][6]

Three companies emerge as trailblazers in the finance and tech sectors, shaping their industries and the future. These companies stand at the edge and may influence the next decade of growth. These players are orchestrating the wave of change through innovative strategies and sharp performances.The first one has delivered solidity in revenue growth and market diversification. With its expanding addressable market and a strategic focus on advancements, the company is capturing demand across various sectors. ...

Though often more volatile than large-cap stocks, the small and mid-cap companies of the Russell 2000 sometimes hold hidden gems. If you want to make an intelligent investment and buy stocks with plenty of potential for real returns, look no further.We have compiled some of this year’s best-performing stocks from the Russell 2000. These three companies are in some of the best positions in their respective markets to continue making giant leaps in revenue growth, showing great promise.To give you more insigh ...

The future of the U.S. economy looks promising in 2024, with experts describing it as a Goldilocks moment. Anticipated faster growth, decreasing inflation and robust job creation signal a positive shift from recession fears in 2023. The National Association for Business Economics predicts a 2.2% rise in the gross domestic product, reflecting a more optimistic outlook, while the Federal Reserve’s expected interest rate cuts and the resilient job market contribute to a brighter economic landscape. That means ...

ACM Research, Inc. (NASDAQ:ACMR) Q4 2023 Earnings Conference Call February 28, 2024 8:00 AM ET Company Participants Steven Pelayo - MD, The Blueshirt Group David Wang - CEO Mark McKechnie - CFO Lisa Feng - CFO, ACM Shanghai Conference Call Participants Suji Desilva - Roth MKM Charlie Chan - Morgan Stanley Mark Miller - The Benchmark Company Christian Schwab - Craig-Hallum Capital Charlie Chan - Morgan Stanley Edison Lee - Jefferies Operator Good day and thank you for standing by. Welcome to the ACM Research ...

Shares of ACM Research (ACMR 37.45%) were surging today after the semiconductor cleaning equipment maker posted standout results in its fourth-quarter earnings report.As of 10:02 a.m. ET, the stock was up 34.8% on the news. ACM is the latest chip stock winnerACM, which supplies high-tech wafer-cleaning equipment primarily to Chinese foundries, reported 57% revenue growth, well ahead of industry-level wafer fab equipment spending in China, to $170.3 million, which was better than estimates at $149.3 million. ...

ACM Research, Inc. (ACMR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 330%. A quarter ago, it was expected that this company would post earnings of $0.35 per share when it actually produced earnings of $0.57, delivering a surprise of 62.86%.Over the last four quarters, the company ...