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

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 8,911 call options on the company. This is an increase of approximately 62% compared to the average daily volume of 5,499 call options.

ACM Research Trading Down 7.4%

ACM Research stock traded down $9.35 during trading on Wednesday, hitting $117.55. The company had a trading volume of 557,487 shares, compared to its average volume of 1,532,529. 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. The company’s 50 day simple moving average is $78.19 and its 200-day simple moving average is $59.79. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 90.91 and a beta of 2.01.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The company had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue was up 34.2% compared to the same quarter last year. As a group, analysts expect that ACM Research will post 1.02 EPS for the current fiscal year.

Insider Activity

In related news, insider David H. Wang sold 40,002 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the completion of the sale, the insider directly owned 802,708 shares in the company, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sotheara Cheav sold 5,399 shares of ACM Research stock in a transaction dated 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 $8,318,166.36. This trade represents a 5.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 128,752 shares of company stock worth $11,012,198. Company insiders own 24.36% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in ACM Research by 90.1% in the 4th quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 308 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of ACM Research by 266.7% during the fourth 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 acquired a new stake in shares of ACM Research during the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 1,122 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of 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 during the period. Institutional investors and hedge funds own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACMR. Weiss Ratings upgraded ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Roth Mkm set a $125.00 target price on ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Finally, Seaport Research Partners began coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

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.