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

ACM Research, Inc. (NASDAQ:ACMR) was the target of some unusual options trading on Wednesday. Stock traders bought 12,965 call options on the company. This is an increase of approximately 255% compared to the average volume of 3,653 call options.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ACMR shares. Wall Street Zen lowered shares of ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings upgraded shares of ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.00.

Insiders Place Their Bets

In related news, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $260,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tracy Liu sold 45,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $47.38, for a total transaction of $2,132,100.00. Following the sale, the director owned 110,772 shares of the company’s stock, valued at approximately $5,248,377.36. The trade was a 28.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 65,000 shares of company stock worth $3,110,750. 25.00% of the stock is owned by insiders.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently bought and sold shares of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ACM Research by 10.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock worth $748,000 after buying an additional 3,065 shares in the last quarter. Caxton Associates LLP bought a new position in ACM Research in the first quarter worth about $250,000. Strs Ohio bought a new position in ACM Research in the first quarter worth about $133,000. Creative Planning bought a new position in ACM Research in the second quarter worth about $212,000. Finally, Norges Bank bought a new position in ACM Research in the second quarter worth about $739,000. 66.75% of the stock is owned by institutional investors.

ACM Research Trading Up 1.8%

Shares of ACM Research stock traded up $0.94 during trading on Friday, reaching $52.63. 72,268 shares of the stock were exchanged, compared to its average volume of 1,342,852. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $49.16 and its 200 day moving average is $45.74. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 38.24 and a beta of 1.69. ACM Research has a 1 year low of $19.09 and a 1 year high of $71.65.

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.