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 21,130 call options on the company. This is an increase of 242% compared to the typical daily volume of 6,171 call options.

ACM Research Price Performance

NASDAQ ACMR traded down $1.10 on Friday, reaching $87.32. The company’s stock had a trading volume of 148,682 shares, compared to its average volume of 1,495,510. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The stock has a market cap of $5.35 billion, a PE ratio of 66.66 and a beta of 1.90. ACM Research has a twelve month low of $23.03 and a twelve month high of $127.19. The firm’s 50 day moving average is $91.59 and its two-hundred day moving average is $66.46.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ACMR shares. Roth Capital set a $125.00 price target on ACM Research and gave the stock a “buy” rating in a report on Wednesday, June 17th. Seaport Research Partners started coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “hold (c+)” rating on shares of ACM Research in a report on Tuesday. Finally, Morgan Stanley reiterated an “overweight” rating and set a $130.00 price objective (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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

Insider Activity

In other ACM Research news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction that occurred 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 transaction, the director directly owned 5,000 shares in the company, valued at approximately $331,100. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sotheara Cheav sold 5,399 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $83.18, for a total transaction of $449,088.82. Following the completion of the transaction, the insider directly owned 100,002 shares in the company, valued at $8,318,166.36. This represents a 5.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 123,752 shares of company stock valued at $10,752,198. Insiders own 24.36% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ACM Research by 10.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 3,065 shares during the last quarter. Caxton Associates LLP bought a new position in shares of ACM Research during the 1st quarter worth approximately $250,000. Strs Ohio acquired a new stake in shares of ACM Research in the 1st quarter valued at $133,000. Creative Planning acquired a new stake in shares of ACM Research during the second quarter worth approximately $212,000. Finally, Norges Bank acquired a new stake in ACM Research during the 2nd quarter valued at $739,000. 66.75% of the stock is currently owned by institutional investors.

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.