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

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders acquired 8,133 call options on the company. This is an increase of 114% compared to the average daily volume of 3,797 call options.

Insider Buying and Selling

In other news, insider Sotheara Cheav sold 22,598 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the sale, the insider now owns 100,002 shares in the company, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 31.24% of the stock is owned by insiders.

Institutional Trading of ACM Research

A number of institutional investors have recently made changes to their positions in ACMR. Rhumbline Advisers increased its position in ACM Research by 0.8% during the 4th quarter. Rhumbline Advisers now owns 73,739 shares of the specialty retailer's stock valued at $1,113,000 after buying an additional 589 shares in the last quarter. Beacon Financial Advisory LLC increased its holdings in shares of ACM Research by 7.1% during the fourth quarter. Beacon Financial Advisory LLC now owns 14,495 shares of the specialty retailer's stock valued at $219,000 after acquiring an additional 960 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of ACM Research by 7.3% during the fourth quarter. Arizona State Retirement System now owns 14,964 shares of the specialty retailer's stock valued at $226,000 after acquiring an additional 1,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of ACM Research by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,996 shares of the specialty retailer's stock valued at $438,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock worth $47,000 after purchasing an additional 1,236 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research note on Thursday. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on ACM Research in a research report on Friday. They set an "overweight" rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, ACM Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

ACM Research Stock Down 0.6 %

ACMR traded down $0.16 during trading on Friday, hitting $25.94. The stock had a trading volume of 1,792,337 shares, compared to its average volume of 1,649,190. The stock has a 50 day simple moving average of $19.59 and a two-hundred day simple moving average of $18.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. ACM Research has a twelve month low of $13.87 and a twelve month high of $34.40. The company has a market capitalization of $1.49 billion, a PE ratio of 19.65 and a beta of 1.58.

About ACM Research

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.