ACM Research, Inc. (NASDAQ:ACMR – Get Free Report) saw some unusual options trading activity on Friday. Investors acquired 21,130 call options on the company. This represents an increase of approximately 242% compared to the typical volume of 6,171 call options.
Insider Buying and Selling at ACM Research
In related news, insider Sotheara Cheav sold 5,399 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $83.18, for a total value of $449,088.82. Following the completion of the sale, the insider owned 100,002 shares in the company, valued at approximately $8,318,166.36. The trade was a 5.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David H. Wang sold 40,002 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 123,752 shares of company stock valued at $10,752,198 in the last three months. Company insiders own 24.36% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of ACMR. Handelsbanken Fonder AB raised its position in shares of ACM Research by 31.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 20,900 shares of the specialty retailer’s stock worth $2,652,000 after purchasing an additional 5,000 shares during the last quarter. Key Client Fiduciary Advisors LLC acquired a new stake in shares of ACM Research in the second quarter valued at $252,000. Contravisory Investment Management Inc. boosted its position in ACM Research by 2.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,216 shares of the specialty retailer’s stock valued at $662,000 after buying an additional 115 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of ACM Research in the 2nd quarter valued at about $888,000. Finally, GAMMA Investing LLC increased its holdings in ACM Research by 14.5% in the second quarter. GAMMA Investing LLC now owns 1,440 shares of the specialty retailer’s stock valued at $183,000 after buying an additional 182 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on ACM Research
ACM Research Stock Down 1.2%
ACMR traded down $1.10 during trading on Friday, hitting $87.32. The stock had a trading volume of 148,682 shares, compared to its average volume of 1,495,510. The company has a market capitalization of $5.35 billion, a PE ratio of 66.66 and a beta of 1.90. ACM Research has a twelve month low of $23.03 and a twelve month high of $127.19. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The stock has a 50 day simple moving average of $91.59 and a two-hundred day simple moving average of $66.46.
ACM Research (NASDAQ:ACMR – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The firm had revenue of $231.26 million during the quarter, compared to analysts’ expectations of $215.69 million. During the same quarter last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 34.2% on a year-over-year basis. On average, research analysts predict that ACM Research will post 1.02 earnings per share for the current year.
About ACM Research
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.
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