Stock Traders Buy High Volume of ACM Research Call Options (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) was the target of unusually large options trading activity on Monday. Investors purchased 9,398 call options on the company. This is an increase of approximately 267% compared to the typical daily volume of 2,560 call options.

Insiders Place Their Bets

In other news, major shareholder Science & Technology Shanghai sold 26,300 shares of ACM Research stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.01, for a total transaction of $526,263.00. Following the sale, the insider now owns 3,403,906 shares of the company’s stock, valued at approximately $68,112,159.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Science & Technology Shanghai sold 26,300 shares of ACM Research stock in a transaction dated Wednesday, October 2nd. The shares were 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 $68,112,159.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Xiao Xing sold 8,304 shares of ACM Research stock in a transaction dated Tuesday, October 1st. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.24% of the company’s stock.

Institutional Trading of ACM Research

Several large investors have recently added to or reduced their stakes in the business. Hussman Strategic Advisors Inc. grew its position in ACM Research by 0.3% during the first quarter. Hussman Strategic Advisors Inc. now owns 157,500 shares of the specialty retailer’s stock valued at $4,590,000 after buying an additional 500 shares during the period. Swiss National Bank boosted its position in shares of ACM Research by 1.2% in the first quarter. Swiss National Bank now owns 87,800 shares of the specialty retailer’s stock worth $2,558,000 after purchasing an additional 1,000 shares during the period. Cim LLC boosted its position in shares of ACM Research by 8.6% in the second quarter. Cim LLC now owns 16,788 shares of the specialty retailer’s stock worth $387,000 after purchasing an additional 1,326 shares during the period. Sei Investments Co. boosted its position in shares of ACM Research by 6.7% in the second quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer’s stock worth $501,000 after purchasing an additional 1,358 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of ACM Research by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer’s stock worth $449,000 after purchasing an additional 1,382 shares during the period. 66.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

ACM Research Stock Up 7.1 %

ACMR opened at $23.60 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $18.10 and a 200-day moving average price of $22.46. ACM Research has a twelve month low of $12.53 and a twelve month high of $34.40. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.88 and a beta of 1.52.

ACM Research (NASDAQ:ACMR) last released its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.25. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The firm had revenue of $202.50 million during the quarter, compared to analysts’ expectations of $163.05 million. During the same period in the previous year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. Equities research analysts forecast that ACM Research will post 0.92 earnings per share for the current 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.