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

ACM Research, Inc. (NASDAQ:ACMR) was the target of unusually large options trading activity on Friday. Traders bought 4,581 call options on the stock. This represents an increase of 95% compared to the typical daily volume of 2,352 call options.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $34.12, for a total value of $2,047,200.00. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at approximately $27,388,396.96. This represents a 6.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Fuping Chen sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.06, for a total transaction of $661,200.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 250,000 shares of company stock worth $8,342,600 over the last three months. Insiders own 25.00% of the company’s stock.

Institutional Trading of ACM Research

Several large investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System increased its stake in shares of ACM Research by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after acquiring an additional 168 shares in the last quarter. MML Investors Services LLC grew its holdings in ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after purchasing an additional 217 shares during the period. GAMMA Investing LLC increased its stake in ACM Research by 38.8% in the fourth quarter. GAMMA Investing LLC now owns 1,070 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 299 shares in the last quarter. Farther Finance Advisors LLC increased its stake in 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of ACM Research by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,291 shares of the specialty retailer’s stock valued at $700,000 after purchasing an additional 343 shares during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Stock Up 1.9%

Shares of NASDAQ:ACMR opened at $66.59 on Friday. ACM Research has a 1 year low of $16.82 and a 1 year high of $71.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.48 and a quick ratio of 2.48. The business’s 50-day moving average is $51.58 and its 200-day moving average is $39.89. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 38.72 and a beta of 1.49.

Analyst Ratings Changes

Several research analysts have commented on ACMR shares. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Roth Mkm restated a “buy” rating and set a $40.00 price objective on shares of ACM Research in a research report on Wednesday, November 5th. Wall Street Zen lowered ACM Research from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings cut ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.00.

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.