Investors Purchase Large Volume of Call Options on ACM Research (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of unusually large options trading on Friday. Traders acquired 11,803 call options on the stock. This is an increase of approximately 357% compared to the average volume of 2,580 call options.

ACM Research Trading Down 5.1%

Shares of ACMR stock traded down $2.36 during trading hours on Friday, hitting $44.24. 403,082 shares of the company’s stock traded hands, compared to its average volume of 1,507,694. The stock has a market cap of $2.69 billion, a PE ratio of 32.37 and a beta of 1.49. The stock’s 50 day simple moving average is $55.69 and its 200 day simple moving average is $43.26. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09. ACM Research has a 12 month low of $16.82 and a 12 month high of $71.65.

Insider Activity at ACM Research

In related news, Director Tracy Liu sold 45,000 shares of ACM Research stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the completion of the transaction, the director owned 110,772 shares in the company, valued at approximately $5,248,377.36. This trade represents a 28.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.00% of the stock is currently owned by company insiders.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently modified their holdings of ACMR. Vanguard Group Inc. increased its holdings in ACM Research by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after buying an additional 125,690 shares during the last quarter. LSV Asset Management lifted its position in shares of ACM Research by 462.9% during the 3rd quarter. LSV Asset Management now owns 2,504,305 shares of the specialty retailer’s stock valued at $97,993,000 after buying an additional 2,059,405 shares during the last quarter. Triata Capital Ltd grew its stake in shares of ACM Research by 26.0% during the 3rd quarter. Triata Capital Ltd now owns 2,003,225 shares of the specialty retailer’s stock worth $78,386,000 after acquiring an additional 413,000 shares during the period. Federated Hermes Inc. increased its holdings in ACM Research by 32.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,421,688 shares of the specialty retailer’s stock worth $36,822,000 after acquiring an additional 348,936 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in ACM Research by 58.8% during the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after purchasing an additional 515,340 shares during the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACMR. Zacks Research raised ACM Research from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. Weiss Ratings downgraded ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 9th. Finally, Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, ACM Research has a consensus rating of “Buy” and an average price target of $40.00.

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.