13 Best Small Cap Tech Stocks to Buy Now

10. ACM Research Inc. (NASDAQ:ACMR)

Number of Hedge Fund Holders: 23

Market Capitalization: $1.71 billion

ACM Research Inc. (NASDAQ:ACMR) specializes in advanced semiconductor equipment, particularly wet processing technologies and semiconductor manufacturing devices. The company provides a variety of single-wafer wet cleaning equipment aimed at improving the production process and yield of integrated chips across the globe.

On February 28, JPMorgan analysts began coverage of ACM Research Inc. (NASDAQ:ACMR) with an Overweight rating and a price target of $36. The new coverage emphasizes ACM Research’s position in the semiconductor sector, notably in the Chinese market, as well as its potential for development as domestic semiconductor production expands. JPMorgan’s rating is based on the company’s strong presence in multiple semiconductor equipment markets, as well as its potential to leverage the growing Serviceable Available Market (SAM) in the Wafer Fabrication Equipment (WFE) sector and advanced packaging.