#1 - ACM Research (NASDAQ:ACMR)
ACM Research Inc. (NASDAQ: ACMR) is a semiconductor-adjacent small-cap stock to watch. The company isn’t a chip foundry. Instead, it provides the cleaning equipment that the chip industry needs. This is a Chinese-based company with its core customer base in China, so it’s not a tariff risk.
Plus, it recently purchased a new facility in Oregon that it expects will be up and running in 2025. This will allow it to gain a footprint in the growing U.S. chip market.
Nevertheless, ACMR stock has tracked along with the ups and downs of the chip industry over the last five years. In fact, as of this writing, the stock is down 4.5% for the year, and it’s nearly 50% below its 52-week high.
On the other hand, the stock is trading at just 20x forward earnings and analysts are forecasting approximately 7.8% earnings growth in the next 12 months. Analysts give the stock a consensus price target of $33—a potential upside of more than 75%.
About ACM Research
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; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.
Read More - Current Price
- $14.91
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $30.00 (101.2% Upside)
