Hey everyone,
I’ve been closely following ACMR and its performance in the market, especially with the recent developments surrounding the company. They’ve recently opened a new facility in Hillsboro, Oregon which seems like a significant step forward in expanding their operations. Additionally, ACMR has updated their revenue outlook, suggesting a more optimistic future than previously anticipated. Their outlook on 2023 revenue from $530 to $545 million and projected 2024 revenue of $650 to $725 million
For people who don’t know the company they specialize in developing, manufacturing, and selling single-wafer wet cleaning equipment, which is crucial for the production of advanced semiconductors. Their technology is designed to remove particles and contaminants from semiconductor wafers, improving the overall yield and reliability of semiconductor devices.
Also their earnings have beaten expectations previous times.
“For the quarter ended in November 2023, ACMR reported earnings of $0.57 per share, which beat the consensus estimate of $0.34 per share by $0.23.
https://www.marketbeat.com/stocks/NASDAQ/ACMR/earnings/
In the second quarter of 2023, ACMR reported quarterly earnings of $0.48 per share, surpassing the Zacks Consensus Estimate of $0.10 per share “.
https://uk.finance.yahoo.com/news/acm-research-inc-acmr-q2-110506735.html
Considering all these positive developments, particularly in the semiconductor sector where ACMR operates, I wonder why the stock hasn’t seen a more substantial increase in its value.
I’m curious to hear your thoughts on this. Why do you think ACMR stock hasn’t shot up as much as one might expect from a company with such positive indicators? Is there something I’m missing, or is the market not fully appreciating ACMR’s potential? Any insights, analyses, or predictions you have would be greatly appreciated.
Thanks for sharing your thoughts!
