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

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 19,545 call options on the company. This is an increase of 197% compared to the average volume of 6,574 call options.

Insider Buying and Selling

In other news, insider Sotheara Cheav sold 13,351 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the completion of the transaction, the insider directly owned 100,002 shares in the company, valued at $8,515,170.30. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at $331,100. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 123,752 shares of company stock worth $10,752,198 in the last three months. 24.36% of the stock is owned by corporate insiders.

Institutional Trading of ACM Research

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 308 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 480 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of ACM Research in the fourth quarter valued at about $28,000. Harbor Investment Advisory LLC increased its stake in shares of ACM Research by 195.2% during the second quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock worth $94,000 after acquiring an additional 488 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of ACM Research by 381.0% during the first quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 861 shares during the period. 66.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACMR has been the topic of several recent research reports. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Seaport Research Partners initiated coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 target price on the stock. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley restated an “overweight” rating and set a $130.00 price objective (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.33.

ACM Research Stock Performance

NASDAQ:ACMR traded down $1.54 during midday trading on Friday, hitting $79.65. The company’s stock had a trading volume of 100,342 shares, compared to its average volume of 1,449,184. ACM Research has a fifty-two week low of $24.14 and a fifty-two week high of $127.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. The firm has a market cap of $5.15 billion, a P/E ratio of 37.93 and a beta of 1.96. The firm’s 50 day moving average is $91.46 and its 200-day moving average is $69.43.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.42 by $0.19. The company had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. Equities analysts anticipate that ACM Research will post 1.02 earnings per share for the current fiscal year.

ACM Research Company Profile

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.