Investors Buy Large Volume of Call Options on ACM Research (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) was the target of some unusual options trading on Friday. Stock traders acquired 4,581 call options on the company. This represents an increase of approximately 95% compared to the typical volume of 2,352 call options.

Analysts Set New Price Targets

Several brokerages have issued reports on ACMR. Zacks Research raised shares of ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen lowered ACM Research from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Weiss Ratings lowered ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $40.00 target price on shares of ACM Research in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.00.

ACM Research Stock Up 1.7%

Shares of NASDAQ ACMR traded up $1.14 during trading hours on Friday, hitting $66.49. The stock had a trading volume of 234,485 shares, compared to its average volume of 1,545,920. The firm’s 50-day moving average price is $51.03 and its two-hundred day moving average price is $39.64. ACM Research has a 52 week low of $16.82 and a 52 week high of $71.65. The company has a market capitalization of $3.98 billion, a P/E ratio of 38.87 and a beta of 1.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 3.48.

Insiders Place Their Bets

In other news, insider Fuping Chen sold 100,000 shares of ACM Research stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $33.20, for a total value of $3,320,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David H. Wang sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total transaction of $2,314,200.00. Following the sale, the insider owned 802,708 shares in the company, valued at $26,537,526.48. This represents a 8.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 250,000 shares of company stock valued at $8,342,600 in the last quarter. 25.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in shares of ACM Research by 396.3% in the third quarter. Principal Financial Group Inc. now owns 336,993 shares of the specialty retailer’s stock worth $13,187,000 after buying an additional 269,094 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of ACM Research during the 3rd quarter valued at about $886,000. Hussman Strategic Advisors Inc. bought a new position in shares of ACM Research in the 3rd quarter valued at approximately $2,054,000. State of Alaska Department of Revenue acquired a new stake in ACM Research in the 3rd quarter worth approximately $1,011,000. Finally, Congress Asset Management Co. boosted its position in ACM Research by 43.0% during the third quarter. Congress Asset Management Co. now owns 281,923 shares of the specialty retailer’s stock worth $11,032,000 after purchasing an additional 84,747 shares during the period. Institutional investors own 66.75% of the company’s stock.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.