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

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of unusually large options trading on Wednesday. Stock traders bought 8,133 call options on the stock. This is an increase of 114% compared to the average daily volume of 3,797 call options.

Analyst Ratings Changes

Several research analysts recently commented on ACMR shares. Needham & Company LLC cut ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research note on Wednesday, December 4th. Craig Hallum raised ACM Research from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.00.

ACM Research Trading Up 20.7 %

NASDAQ:ACMR opened at $27.69 on Thursday. The stock has a 50-day simple moving average of $18.91 and a 200-day simple moving average of $18.53. The stock has a market cap of $1.60 billion, a P/E ratio of 20.98 and a beta of 1.58. ACM Research has a 1 year low of $13.87 and a 1 year high of $34.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. As a group, analysts anticipate that ACM Research will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the completion of the transaction, the insider now directly owns 100,002 shares of the company’s stock, valued at $2,300,046. The trade was a 18.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.24% of the stock is currently owned by insiders.

Institutional Trading of ACM Research

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of ACM Research by 35.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer’s stock valued at $1,067,000 after purchasing an additional 18,617 shares during the last quarter. Algert Global LLC lifted its holdings in shares of ACM Research by 530.5% in the 3rd quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock valued at $3,611,000 after purchasing an additional 149,670 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of ACM Research in the 4th quarter valued at about $5,782,000. Barclays PLC lifted its holdings in shares of ACM Research by 63.3% in the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer’s stock valued at $2,793,000 after purchasing an additional 53,319 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of ACM Research in the 3rd quarter valued at about $700,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

ACM Research Company Profile

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.