Acm Research Inc. (ACMR) shares surged 5.16% in intraday trading on Thursday, outperforming the broader market. The rally in the semiconductor equipment company's stock appears to be driven by its strong earnings growth and a bullish position taken by a prominent investment firm.
According to recent analysis, ACM Research has demonstrated robust earnings per share (EPS) growth, with a compound annual growth rate of 39% over the past three years. This impressive growth trajectory has caught the attention of investors and analysts, indicating the company's potential for further success in the semiconductor industry.
Additionally, Kerrisdale Capital, a well-known investment firm, has disclosed a long position in ACM Research, signaling their belief in the company's prospects. The firm's bullish stance on ACMR could have contributed significantly to the stock's surge, as investors closely monitor institutional investor moves.
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