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

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of some unusual options trading activity on Friday. Traders bought 19,545 call options on the stock. This represents an increase of approximately 197% compared to the typical daily volume of 6,574 call options.

Analyst Upgrades and Downgrades

ACMR has been the subject of a number of research reports. Roth Capital set a $125.00 price target on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Seaport Research Partners started coverage on ACM Research in a research report on Monday, May 4th. They issued a “buy” rating and a $75.00 price objective on the stock. Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $100.00 target price on shares of ACM Research in a research report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, ACM Research presently has an average rating of “Moderate Buy” and a consensus price target of $118.33.

Insider Activity at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the sale, the director directly owned 5,000 shares in the company, valued at $331,100. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Wang sold 60,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the completion of the sale, the insider directly owned 802,708 shares of the company’s stock, valued at $72,283,855.40. The trade was a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 123,752 shares of company stock worth $10,752,198. Company insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

Large investors have recently modified their holdings of the business. Contravisory Investment Management Inc. increased its position in shares of ACM Research by 2.3% during the second quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock worth $662,000 after acquiring an additional 115 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in ACM Research by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after purchasing an additional 168 shares during the last quarter. GAMMA Investing LLC grew its stake in ACM Research by 14.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock valued at $183,000 after purchasing an additional 182 shares in the last quarter. MML Investors Services LLC grew its stake in ACM Research by 1.0% during the 4th quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock valued at $901,000 after purchasing an additional 217 shares in the last quarter. Finally, First Growth Capital LLC increased its holdings in ACM Research by 5.4% during the 1st quarter. First Growth Capital LLC now owns 5,598 shares of the specialty retailer’s stock worth $226,000 after purchasing an additional 285 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Trading Down 0.9%

ACMR opened at $80.42 on Friday. The firm’s 50 day moving average is $91.54 and its 200-day moving average is $69.51. ACM Research has a 52-week low of $24.14 and a 52-week high of $127.19. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $5.20 billion, a P/E ratio of 38.30 and a beta of 1.96.

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

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.