11 Best Semiconductor Equipment Stocks to Buy According to Analysts

2. ACM Research, Inc. (NASDAQ:ACMR)

Average Upside Potential: ~91.8%

Number of Hedge Fund Holders: 23

ACM Research, Inc. (NASDAQ:ACMR) is engaged in developing, manufacturing, and selling semiconductor process equipment. JPMorgan analyst Jimmy Huang initiated coverage of the company’s stock with an “Overweight” rating and a price objective of $36. As per the firm, the company’s breakthrough in sulfuric peroxide mix cleaning is expected to fuel significant revenue upside and ease the market concerns of competition from Chinese peers. Notably, ACM Research, Inc. (NASDAQ:ACMR) announced that its Single-Wafer High-Temperature Sulfuric Peroxide Mixture (SPM) tool has been qualified by a key logic device manufacturer in mainland China. As per the release dated March 3, the company delivered its SPM tools to thirteen customers.

The Single-Wafer Moderate/High-Temperature SPM tool remains a critical example of the company’s commitment to innovation in solving customers’ problems in high-volume 300mm semiconductor manufacturing. The Moderate/High-Temperature SPM exhibits a growing portion of the wafer-cleaning equipment market, mainly the High-Temperature SPM tool, which plays an important role in manufacturing next-gen semiconductor devices. Overall, ACM Research, Inc. (NASDAQ:ACMR) continues to witness robust growth because of increased demand for advanced semiconductor manufacturing equipment, mainly fueled by Al and HPC, which needs complex and precise wafer-cleaning as well as packaging solutions.