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

ACM Research, Inc. (NASDAQ:ACMR) was the target of some unusual options trading on Friday. Investors bought 21,130 call options on the stock. This represents an increase of 242% compared to the average volume of 6,171 call options.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $84.32 on Friday. The firm has a market capitalization of $5.16 billion, a P/E ratio of 64.37 and a beta of 1.90. The firm’s 50-day moving average price is $92.00 and its 200-day moving average price is $66.59. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. ACM Research has a 1-year low of $23.03 and a 1-year high of $127.19.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The company had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same period last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was up 34.2% compared to the same quarter last year. Equities research analysts anticipate that ACM Research will post 1.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Seaport Research Partners started coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target on the stock. Wall Street Zen raised ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Capital set a $125.00 price objective on ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

Insider Buying and Selling at ACM Research

In other news, insider David H. Wang sold 40,002 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $85.80, for a total value of $3,432,171.60. Following the transaction, the insider owned 802,708 shares in the company, valued at approximately $68,872,346.40. The trade was a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction 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 approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 123,752 shares of company stock valued at $10,752,198. 24.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently modified their holdings of ACMR. Handelsbanken Fonder AB lifted its holdings in shares of ACM Research by 31.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 20,900 shares of the specialty retailer’s stock worth $2,652,000 after purchasing an additional 5,000 shares in the last quarter. Key Client Fiduciary Advisors LLC acquired a new stake in ACM Research in the 2nd quarter valued at $252,000. Contravisory Investment Management Inc. increased its stake in ACM Research by 2.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after purchasing an additional 115 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in ACM Research during the 2nd quarter valued at $888,000. Finally, GAMMA Investing LLC raised its holdings in ACM Research by 14.5% during the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock worth $183,000 after buying an additional 182 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

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.