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

ACM Research, Inc. (NASDAQ:ACMR) saw unusually large options trading on Monday. Stock investors purchased 4,381 put options on the company. This represents an increase of approximately 51% compared to the average volume of 2,906 put options.

Analyst Ratings Changes

ACMR has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of ACM Research in a research report on Tuesday, October 1st. Roth Mkm reduced their price target on shares of 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 restated a “buy” rating and issued a $38.00 price objective on shares of ACM Research in a report on Wednesday, August 7th.

Insider Activity at ACM Research

In other ACM Research news, Director Xiao Xing sold 700,000 shares of ACM Research stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $21.41, for a total transaction of $14,987,000.00. Following the completion of the sale, the director now directly owns 2,703,906 shares in the company, valued at $57,890,627.46. The trade was a 20.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.01, for a total transaction of $526,263.00. Following the completion of the transaction, the insider now directly owns 3,403,906 shares of the company’s stock, valued at approximately $68,112,159.06. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,244,016 shares of company stock valued at $26,939,953. Company insiders own 31.24% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in ACM Research by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after purchasing an additional 26,620 shares during the period. Barclays PLC grew its position 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 worth $2,793,000 after buying an additional 53,319 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of ACM Research during the third quarter valued at approximately $700,000. Portolan Capital Management LLC increased its stake in shares of ACM Research by 7.7% during the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after buying an additional 65,616 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of ACM Research by 2.5% during the third quarter. Janus Henderson Group PLC now owns 117,125 shares of the specialty retailer’s stock valued at $2,378,000 after acquiring an additional 2,832 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

ACM Research Trading Up 3.4 %

Shares of ACMR stock opened at $16.20 on Wednesday. The business has a 50-day moving average of $19.19 and a 200 day moving average of $19.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. ACM Research has a 1-year low of $13.94 and a 1-year high of $34.40. The stock has a market capitalization of $933.28 million, a PE ratio of 12.27 and a beta of 1.48.

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

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.