Stock Traders Purchase High Volume of Put Options on ACM Research (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) was the target of unusually large options trading on Monday. Investors purchased 4,381 put options on the company. This is an increase of 51% compared to the typical daily volume of 2,906 put options.

Wall Street Analyst Weigh In

ACMR has been the subject of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of ACM Research in a report on Tuesday, October 1st. Roth Mkm dropped their price target on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and set a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th.

ACM Research Stock Performance

Shares of ACMR stock opened at $15.66 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $19.23 and a two-hundred day moving average of $20.03. The company has a market cap of $902.11 million, a P/E ratio of 11.86 and a beta of 1.54. ACM Research has a 52 week low of $13.94 and a 52 week high of $34.40.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.35. The firm had revenue of $204.00 million during the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. The firm’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. As a group, analysts anticipate that ACM Research will post 1.12 EPS for the current year.

Insider Transactions at ACM Research

In other ACM Research news, major shareholder Science & Technology Shanghai sold 26,300 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total transaction of $526,263.00. Following the transaction, the insider now directly owns 3,403,906 shares in the company, valued at $68,112,159.06. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Xiao Xing sold 8,304 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total transaction of $167,657.76. Following the transaction, the director now directly owns 3,430,206 shares of the company’s stock, valued at approximately $69,255,859.14. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,244,016 shares of company stock valued at $26,939,953. 31.24% of the stock is currently owned by insiders.

Institutional Trading of ACM Research

Several hedge funds have recently bought and sold shares of ACMR. Lazard Asset Management LLC increased its stake in shares of ACM Research by 1,197.6% in the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after purchasing an additional 2,970 shares during the period. Janus Henderson Group PLC raised its stake in ACM Research by 6.4% during the 1st quarter. Janus Henderson Group PLC now owns 127,519 shares of the specialty retailer’s stock valued at $3,716,000 after acquiring an additional 7,713 shares in the last quarter. Comerica Bank acquired a new position in ACM Research during the 1st quarter worth $1,150,000. CWM LLC grew its stake in shares of ACM Research by 297.1% in the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Richard P Slaughter Associates Inc acquired a new position in shares of ACM Research during the second quarter valued at $1,512,000. 66.75% of the stock is currently owned by institutional investors.

About ACM Research

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.