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

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of unusually large options trading activity on Thursday. Traders acquired 11,598 call options on the company. This is an increase of approximately 291% compared to the average volume of 2,965 call options.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Tracy Liu sold 15,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $47.91, for a total transaction of $718,650.00. Following the sale, the director owned 110,772 shares of the company’s stock, valued at approximately $5,307,086.52. The trade was a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 25.00% of the company’s stock.

Institutional Trading of ACM Research

Several institutional investors have recently modified their holdings of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 purchasing an additional 3,065 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of ACM Research in the first quarter worth $250,000. Strs Ohio acquired a new position in ACM Research in the first quarter valued at $133,000. Creative Planning acquired a new position in ACM Research in the second quarter valued at $212,000. Finally, Norges Bank acquired a new position in ACM Research in the second quarter valued at $739,000. Institutional investors own 66.75% of the company’s stock.

ACM Research Trading Up 2.0%

Shares of ACM Research stock traded up $0.91 during trading on Thursday, hitting $47.05. The company’s stock had a trading volume of 388,524 shares, compared to its average volume of 1,416,445. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.27 and a quick ratio of 2.33. ACM Research has a 52 week low of $17.32 and a 52 week high of $71.65. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 34.31 and a beta of 1.69. The stock has a 50-day moving average price of $52.79 and a two-hundred day moving average price of $44.57.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ACMR shares. Weiss Ratings cut shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. Zacks Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. Finally, Wall Street Zen cut shares of ACM Research from a “hold” rating to a “sell” rating in a research note on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $40.00.

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.