The Latest Breaking News from ACMR

Although Teradyne has lagged behind its semiconductor peers over the past year, Wall Street analysts remain largely optimistic about its future growth potential.

While Teradyne has underperformed relative to the technology sector over the past year, Wall Street analysts maintain a moderately optimistic outlook on its prospects.

Wall Street rates both of these outperforming small-cap stocks a “strong buy," with 29% or more upside expected over the next year.

The Dow was up more than 0.3% as was the S&P 500, while the Nasdaq climbed 0.4%. The small-cap Russell 2000 added to recent hefty gains.

Semiconductor equipment supplier ACM Research smashed Wall Street's earnings target for the third quarter on in-line sales.

ACM Research, Inc (NASDAQ:ACMR) reported a first-quarter FY22 revenue decline of 3.5% year-on-year to $42.2 million, missing the consensus of $51.8 million. The decline reflected lower revenue from single wafer wet cleaning tools, advanced packaging, and other back-end processing equipment due to COVID-19 restrictions in Shanghai.  The Shanghai lockdown negatively impacted revenue from…

ACM Research Inc (NASDAQ:ACMR) reported fourth-quarter FY21 revenue growth of 108.8% year-on-year to $95.1 million, beating the consensus of $89.5 million. Revenue from Single wafer cleaning, Tahoe, and semi-critical cleaning equipment rose 68.3% Y/Y. ECP (front-end and packaging), furnace, and other technologies revenue climbed 386% Y/Y. Revenue from Advanced packaging (excluding ECP), services…