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

ACM Research, Inc. (NASDAQ:ACMR) was the target of some unusual options trading activity on Friday. Stock traders bought 17,868 call options on the stock. This is an increase of approximately 285% compared to the average daily volume of 4,639 call options.

ACM Research Trading Down 9.9%

Shares of NASDAQ:ACMR traded down $8.95 during trading on Friday, reaching $81.27. The company’s stock had a trading volume of 581,524 shares, compared to its average volume of 1,470,419. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. ACM Research has a 12 month low of $23.03 and a 12 month high of $94.21. The firm’s 50 day simple moving average is $58.83 and its two-hundred day simple moving average is $51.57. The stock has a market capitalization of $4.98 billion, a PE ratio of 61.90 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings data 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. The business had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. On average, research analysts predict that ACM Research will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Tracy Liu sold 45,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were 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 of the company’s stock, valued at $5,248,377.36. This represents a 28.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $260,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,000 shares of company stock valued at $3,441,850 in the last 90 days. Insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

Several institutional investors have recently added to or reduced their stakes in ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ACM Research by 10.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after purchasing an additional 3,065 shares during the last quarter. Caxton Associates LLP bought a new stake in ACM Research in the first quarter worth about $250,000. Strs Ohio bought a new stake in ACM Research in the first quarter worth about $133,000. Creative Planning bought a new stake in ACM Research in the second quarter worth about $212,000. Finally, Norges Bank bought a new stake in ACM Research in the second quarter worth about $739,000. Institutional investors own 66.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ACMR. Weiss Ratings raised shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Roth Mkm reaffirmed a “buy” rating and issued a $100.00 price target on shares of ACM Research in a report on Monday. Wall Street Zen raised shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seaport Research Partners began coverage on shares of ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 price target for the company. Finally, Zacks Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ACM Research currently has an average rating of “Hold” and an average price target of $100.00.

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.