ACM Research Target of Unusually Large Options Trading (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) saw unusually large options trading activity on Wednesday. Stock traders bought 6,332 call options on the company. This is an increase of 3,147% compared to the average daily volume of 195 call options.

Shares of NASDAQ:ACMR opened at $84.24 on Friday. The firm has a market cap of $1.45 billion, a PE ratio of 81.00 and a beta of 0.75. The business’s 50 day simple moving average is $77.17. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.43 and a current ratio of 2.24. ACM Research has a one year low of $53.21 and a one year high of $144.81.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, May 6th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.27. The firm had revenue of $43.73 million during the quarter, compared to analysts’ expectations of $42.58 million. ACM Research had a net margin of 12.81% and a return on equity of 14.60%. The business’s revenue for the quarter was up 79.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, sell-side analysts anticipate that ACM Research will post 1.18 EPS for the current year.

Several equities analysts recently issued reports on ACMR shares. TheStreet downgraded shares of ACM Research from a “b-” rating to a “c” rating in a report on Monday, March 29th. Zacks Investment Research upgraded shares of ACM Research from a “sell” rating to a “hold” rating and set a $74.00 price target for the company in a research report on Friday, May 14th. Finally, Roth Capital lifted their price target on shares of ACM Research from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 7th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. ACM Research has an average rating of “Buy” and a consensus price target of $117.33.

In related news, insider David H. Wang sold 50,000 shares of ACM Research stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $91.92, for a total transaction of $4,596,000.00. Following the completion of the transaction, the insider now directly owns 217,234 shares of the company’s stock, valued at approximately $19,968,149.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sotheara Cheav sold 5,000 shares of ACM Research stock in a transaction dated Thursday, April 8th. The shares were sold at an average price of $88.66, for a total transaction of $443,300.00. Following the transaction, the insider now directly owns 61,445 shares of the company’s stock, valued at $5,447,713.70. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock valued at $5,976,200 over the last ninety days. 40.74% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. NS Partners Ltd acquired a new position in ACM Research during the first quarter valued at approximately $6,988,000. Truvestments Capital LLC lifted its stake in ACM Research by 12.3% in the fourth quarter. Truvestments Capital LLC now owns 4,060 shares of the specialty retailer’s stock valued at $329,000 after buying an additional 444 shares in the last quarter. Swiss National Bank lifted its stake in ACM Research by 1.6% in the fourth quarter. Swiss National Bank now owns 25,800 shares of the specialty retailer’s stock valued at $2,096,000 after buying an additional 400 shares in the last quarter. First Trust Advisors LP bought a new position in ACM Research in the fourth quarter valued at approximately $2,993,000. Finally, Spearhead Capital Advisors LLC bought a new position in ACM Research in the first quarter valued at approximately $326,000. Hedge funds and other institutional investors own 40.54% of the company’s stock.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers with fine feature sizes; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.

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