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

ACM Research, Inc. (NASDAQ:ACMR) saw some unusual options trading on Wednesday. Investors bought 8,911 call options on the stock. This represents an increase of approximately 62% compared to the typical daily volume of 5,499 call options.

ACM Research Stock Down 7.7%

ACM Research stock opened at $117.16 on Thursday. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 89.44 and a beta of 1.90. The firm’s fifty day moving average price is $79.54 and its two-hundred day moving average price is $60.33. ACM Research has a 1-year low of $23.03 and a 1-year high of $127.19. 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 (NASDAQ:ACMR) last posted its earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, equities research analysts predict that ACM Research will post 1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 transaction of $449,088.82. Following the transaction, the insider directly owned 100,002 shares in the company, valued at approximately $8,318,166.36. This represents a 5.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Haiping Dun sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the transaction, the director owned 5,000 shares in the company, valued at $331,100. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 128,752 shares of company stock worth $11,012,198. Company insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

Several institutional investors and hedge funds have recently modified their holdings of ACMR. Farther Finance Advisors LLC grew its position in shares of ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after buying an additional 308 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in ACM Research by 266.7% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 480 shares during the period. Leonteq Securities AG purchased a new stake in ACM Research in the fourth quarter worth $28,000. EverSource Wealth Advisors LLC boosted its holdings in ACM Research by 656.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 1,122 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 acquiring an additional 299 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACMR has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Seaport Research Partners started 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. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Roth Mkm set a $125.00 target price on ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.50.

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.