Stock Traders Buy Large Volume of Call Options on ACM Research (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) saw unusually large options trading activity on Thursday. Traders acquired 21,920 call options on the company. This represents an increase of 234% compared to the average daily volume of 6,555 call options.

Insider Transactions at ACM Research

In other ACM Research news, insider Sotheara Cheav sold 5,399 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $83.18, for a total value of $449,088.82. Following the completion of the sale, the insider owned 100,002 shares in the company, valued at approximately $8,318,166.36. This trade represents a 5.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Haiping Dun sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at $405,650. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 24.36% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in ACM Research by 11,899.8% in the 2nd quarter. California State Teachers Retirement System now owns 7,575,587 shares of the specialty retailer’s stock worth $961,266,000 after purchasing an additional 7,512,456 shares during the period. WCM Investment Management LLC lifted its holdings in shares of ACM Research by 16,878.8% during the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock valued at $70,583,000 after buying an additional 1,849,914 shares during the period. Invesco Ltd. lifted its holdings in shares of ACM Research by 444.5% during the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after buying an additional 1,095,634 shares during the period. Janus Henderson Group PLC boosted its stake in shares of ACM Research by 1,406.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock worth $42,740,000 after buying an additional 1,011,088 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of ACM Research by 58.8% in the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after buying an additional 515,340 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ACMR shares. Zacks Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Craig Hallum reissued a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research report on Monday, August 10th. Daiwa Securities Group initiated coverage on ACM Research in a research note on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price target on the stock. Roth Capital set a $125.00 price objective on ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $122.75.

ACM Research Stock Performance

ACMR traded down $0.72 during midday trading on Thursday, hitting $69.18. 180,580 shares of the company traded hands, compared to its average volume of 1,407,878. The company has a quick ratio of 2.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $4.47 billion, a PE ratio of 33.04 and a beta of 1.96. The company’s 50-day moving average is $87.06 and its 200 day moving average is $71.26. ACM Research has a 52 week low of $26.10 and a 52 week high of $127.19.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The firm had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. During the same quarter last year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 36.0% compared to the same quarter last year. On average, research analysts expect that ACM Research will post 1.68 EPS for the current year.

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.