5 High Growth Semiconductor Stocks That Are Profitable

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In this article, we discuss the 5 high-growth semiconductor stocks that are profitable. To read the detailed analysis of the semiconductor industry, go directly to the 12 High Growth Semiconductor Stocks That Are Profitable.

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

Latest Quarter YoY Revenue Growth: 26.1%

Number of Hedge Fund Holders: 21

ACM Research, Inc. (NASDAQ:ACMR) is a California-based company that is involved in the development, manufacturing, and selling of wet processing technology.

Of the 4 Wall Street analysts that covered ACM Research, Inc. (NASDAQ:ACMR), 3 maintained a Buy rating on the stock. The average price target of $24.88 represented an upside of 34.34% as of the December 22 market close.

In the third quarter, 21 hedge funds had investments in ACM Research, Inc. (NASDAQ:ACMR)’s stock, compared to 19 funds in the prior quarter. Ian Trundle’s Pertento Partners was the biggest stakeholder in the company and increased its stake by 4% to 1.195 million shares worth $21.64 million.

Follow Acm Research Inc. (NASDAQ:ACMR)

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