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

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of some unusual options trading activity on Friday. Investors bought 21,130 call options on the stock. This is an increase of 242% compared to the average daily volume of 6,171 call options.

ACM Research Stock Performance

NASDAQ:ACMR opened at $84.32 on Friday. The business has a 50 day moving average of $92.00 and a 200 day moving average of $66.59. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 64.37 and a beta of 1.90. ACM Research has a 1-year low of $23.03 and a 1-year high of $127.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52.

ACM Research (NASDAQ:ACMR) last issued its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The business had revenue of $231.26 million during the quarter, compared to analyst estimates of $215.69 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. ACM Research’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, sell-side analysts predict that ACM Research will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings restated a “hold (c+)” rating on shares of ACM Research in a research report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Roth Capital set a $125.00 target price on shares of ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Finally, Seaport Research Partners initiated coverage on shares of ACM Research in a research note on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 13,351 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.15, for a total value of $1,136,837.65. Following the sale, the insider owned 100,002 shares in the company, valued at approximately $8,515,170.30. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at $331,100. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,752 shares of company stock valued at $10,752,198 in the last three months. Company insiders own 24.36% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in ACM Research by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 4,972,103 shares of the specialty retailer’s stock worth $196,149,000 after acquiring an additional 125,690 shares during the last quarter. WCM Investment Management LLC increased its stake in ACM Research by 16,878.8% in the 1st quarter. WCM Investment Management LLC now owns 1,860,874 shares of the specialty retailer’s stock worth $70,583,000 after purchasing an additional 1,849,914 shares during the period. Morgan Stanley lifted its position in ACM Research by 58.8% in 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. Geode Capital Management LLC lifted its position in ACM Research by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock valued at $52,986,000 after purchasing an additional 19,397 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of ACM Research by 444.5% during the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after purchasing an additional 1,095,634 shares during the period. Institutional investors own 66.75% of the company’s stock.

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.