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

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Needham & Company LLC lowered ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Wednesday, December 4th. Craig Hallum lowered ACM Research from a “buy” rating to a “hold” rating and decreased their target price for the company from $30.00 to $18.00 in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Transactions at ACM Research

In other news, insider Sotheara Cheav sold 22,598 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 100,002 shares in the company, valued at $2,300,046. The trade was a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.24% of the stock is owned by insiders.

Hedge Funds Weigh In On ACM Research

Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in ACM Research by 1,418.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,174,720 shares of the specialty retailer’s stock worth $17,738,000 after purchasing an additional 1,097,358 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of ACM Research by 33.7% in the 4th quarter. Squarepoint Ops LLC now owns 125,002 shares of the specialty retailer’s stock worth $1,888,000 after acquiring an additional 31,511 shares during the period. Triata Capital Ltd acquired a new stake in shares of ACM Research in the 4th quarter valued at approximately $15,507,000. Sherbrooke Park Advisers LLC grew its holdings in ACM Research by 10.7% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 14,122 shares of the specialty retailer’s stock valued at $213,000 after purchasing an additional 1,362 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in ACM Research in the 4th quarter valued at approximately $10,549,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

ACM Research Stock Performance

NASDAQ:ACMR traded up $5.08 during mid-day trading on Wednesday, hitting $28.02. 3,234,526 shares of the company traded hands, compared to its average volume of 1,539,966. 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 stock’s fifty day moving average price is $18.91 and its 200-day moving average price is $18.53. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 21.17 and a beta of 1.58. ACM Research has a one year low of $13.87 and a one year high of $34.40.

ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, February 26th. The specialty retailer reported $0.43 earnings per share 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%. Research analysts anticipate that ACM Research will post 1.17 earnings per share for the current fiscal year.

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.