Stock Traders Purchase Large Volume of ACM Research Put Options (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) was the target of unusually large options trading on Monday. Traders bought 4,381 put options on the stock. This represents an increase of approximately 51% compared to the average daily volume of 2,906 put options.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ACMR. Roth Mkm reduced their price target on ACM Research from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of ACM Research in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of ACM Research in a research note on Tuesday, October 1st.

ACM Research Stock Performance

NASDAQ:ACMR traded down $1.58 during mid-day trading on Monday, reaching $15.61. 1,215,659 shares of the company’s stock were exchanged, compared to its average volume of 1,426,406. ACM Research has a one year low of $13.94 and a one year high of $34.40. The firm has a market capitalization of $899.29 million, a PE ratio of 12.11 and a beta of 1.54. The business’s fifty day simple moving average is $19.25 and its two-hundred day simple moving average is $20.10. 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 (NASDAQ:ACMR) last released its earnings results on Thursday, November 7th. The specialty retailer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The firm had revenue of $204.00 million for the quarter, compared to analyst estimates of $191.18 million. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Analysts anticipate that ACM Research will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Xiao Xing sold 8,304 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $20.19, for a total transaction of $167,657.76. Following the completion of the sale, the director now directly owns 3,430,206 shares of the company’s stock, valued at $69,255,859.14. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Science & Technology Shanghai sold 275,000 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $24.07, for a total transaction of $6,619,250.00. Following the completion of the transaction, the insider now directly owns 2,428,906 shares of the company’s stock, valued at approximately $58,463,767.42. This represents a 10.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,244,016 shares of company stock worth $26,939,953 in the last 90 days. 31.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On ACM Research

Several hedge funds have recently bought and sold shares of ACMR. Millennium Management LLC increased its holdings in ACM Research by 283.9% in the 2nd quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock valued at $21,310,000 after buying an additional 683,361 shares during the period. Algert Global LLC boosted its stake in shares of ACM Research by 530.5% in the 3rd quarter. Algert Global LLC now owns 177,885 shares of the specialty retailer’s stock valued at $3,611,000 after purchasing an additional 149,670 shares in the last quarter. Portolan Capital Management LLC boosted its stake in shares of ACM Research by 7.7% in the 3rd quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock valued at $18,705,000 after purchasing an additional 65,616 shares in the last quarter. Richard P Slaughter Associates Inc acquired a new stake in shares of ACM Research in the 2nd quarter valued at approximately $1,512,000. Finally, Seven Eight Capital LP boosted its stake in shares of ACM Research by 625.1% in the 2nd quarter. Seven Eight Capital LP now owns 75,517 shares of the specialty retailer’s stock valued at $1,741,000 after purchasing an additional 65,102 shares in the last quarter. 66.75% of the stock is owned by institutional investors.

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.