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

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on ACMR shares. Zacks Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. Wall Street Zen lowered ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. Finally, Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ACM Research currently has an average rating of “Buy” and a consensus target price of $40.00.

ACM Research Stock Down 6.6%

ACMR stock opened at $43.52 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. ACM Research has a fifty-two week low of $16.82 and a fifty-two week high of $71.65. The stock’s 50 day simple moving average is $55.50 and its 200 day simple moving average is $43.37. The company has a market cap of $2.64 billion, a P/E ratio of 31.77 and a beta of 1.49.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total value of $718,650.00. Following the transaction, the director owned 110,772 shares in the company, valued at $5,307,086.52. The trade was a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 25.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently modified their holdings of ACMR. Farther Finance Advisors LLC raised its holdings in shares of ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares during the last quarter. Hantz Financial Services Inc. grew its position in ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. Leonteq Securities AG bought a new stake in ACM Research in the 4th quarter worth about $28,000. Jones Financial Companies Lllp increased its stake in ACM Research by 206.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in ACM Research by 78.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 367 shares during the last quarter. 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.