ACM Research Sees Unusually High Options Volume (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) was the target of some unusual options trading activity on Friday. Investors bought 11,803 call options on the company. This is an increase of approximately 357% compared to the typical volume of 2,580 call options.

ACM Research Trading Down 5.1%

ACMR traded down $2.36 during midday trading on Friday, reaching $44.24. 403,082 shares of the company were exchanged, compared to its average volume of 1,507,694. The stock has a market capitalization of $2.69 billion, a P/E ratio of 32.37 and a beta of 1.49. ACM Research has a one year low of $16.82 and a one year high of $71.65. The stock’s 50-day simple moving average is $55.69 and its 200 day simple moving average is $43.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27.

Insider Buying and Selling at ACM Research

In related news, Director Tracy Liu sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total transaction of $718,650.00. Following the completion of the transaction, the director owned 110,772 shares in the company, valued at $5,307,086.52. This trade represents a 11.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in ACM Research by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after buying an additional 125,690 shares during the period. LSV Asset Management grew its position in ACM Research by 462.9% in the third quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after purchasing an additional 2,059,405 shares in the last quarter. Triata Capital Ltd increased its stake in ACM Research by 26.0% in the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock valued at $78,386,000 after buying an additional 413,000 shares during the last quarter. Federated Hermes Inc. lifted its position in ACM Research by 32.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock worth $36,822,000 after buying an additional 348,936 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of ACM Research by 58.8% in the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after acquiring an additional 515,340 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ACMR shares. Wall Street Zen downgraded ACM Research from a “hold” rating to a “sell” rating in a report on Sunday, March 8th. Zacks Research raised ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings lowered shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $40.00.

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.