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

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of some unusual options trading activity on Wednesday. Traders bought 8,133 call options on the company. This represents an increase of 114% compared to the typical daily volume of 3,797 call options.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Craig Hallum cut shares of ACM Research from a “buy” rating to a “hold” rating and cut their target price for the company from $30.00 to $18.00 in a research note on Thursday, December 5th. Needham & Company LLC downgraded shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Insider Buying and Selling at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the sale, the insider now directly owns 100,002 shares of the company’s stock, valued at $2,300,046. The trade was a 18.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 31.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kerrisdale Advisers LLC increased its holdings in shares of ACM Research by 550.8% in the 4th quarter. Kerrisdale Advisers LLC now owns 1,948,003 shares of the specialty retailer’s stock worth $29,415,000 after purchasing an additional 1,648,685 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in ACM Research by 2,258.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,469,271 shares of the specialty retailer’s stock valued at $22,171,000 after purchasing an additional 1,406,968 shares during the period. Panview Capital Ltd bought a new stake in shares of ACM Research in the fourth quarter worth about $20,758,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in ACM Research by 1,418.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer’s stock valued at $17,738,000 after purchasing an additional 1,097,358 shares in the last quarter. Finally, Triata Capital Ltd purchased a new stake in ACM Research during the fourth quarter valued at approximately $15,507,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research Stock Up 22.2 %

Shares of NASDAQ ACMR traded up $5.08 during mid-day trading on Wednesday, reaching $28.02. 3,234,526 shares of the company’s stock traded hands, compared to its average volume of 1,539,966. The business has a 50-day simple moving average of $18.91 and a 200 day simple moving average of $18.53. The stock has a market cap of $1.61 billion, a P/E ratio of 21.17 and a beta of 1.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research has a 1-year low of $13.87 and a 1-year high of $34.40.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. On average, analysts expect that ACM Research will post 1.17 EPS for the current fiscal year.

About ACM Research

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; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.