Investors Purchase High Volume of Put Options on ACM Research (NASDAQ:ACMR)

ACM Research, Inc. (NASDAQ:ACMR) was the recipient of unusually large options trading on Monday. Stock traders acquired 4,381 put options on the company. This represents an increase of 51% compared to the typical volume of 2,906 put options.

ACM Research Trading Down 8.9 %

NASDAQ ACMR opened at $15.66 on Tuesday. The firm’s 50 day moving average price is $19.23 and its two-hundred day moving average price is $20.03. 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 $13.94 and a twelve month high of $34.40. The stock has a market cap of $902.11 million, a price-to-earnings ratio of 11.86 and a beta of 1.54.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.35. The business had revenue of $204.00 million for the quarter, compared to the consensus estimate of $191.18 million. ACM Research had a return on equity of 9.07% and a net margin of 12.38%. ACM Research’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Equities analysts anticipate that ACM Research will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ACMR shares. Roth Mkm cut their price objective on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of ACM Research in a report on Tuesday, October 1st. Finally, Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research note on Wednesday, August 7th.

Insiders Place Their Bets

In other ACM Research news, insider David H. Wang sold 56,250 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $17.89, for a total value of $1,006,312.50. Following the completion of the sale, the insider now directly owns 654,256 shares of the company’s stock, valued at approximately $11,704,639.84. This represents a 7.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Science & Technology Shanghai sold 26,300 shares of the firm’s 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 transaction, the insider now owns 3,403,906 shares of the company’s stock, valued at approximately $68,112,159.06. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,244,016 shares of company stock worth $26,939,953 over the last ninety days. Company insiders own 31.24% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in ACM Research by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,741 shares of the specialty retailer’s stock valued at $23,973,000 after buying an additional 26,620 shares during the period. Millennium Management LLC increased its stake in shares of ACM Research by 283.9% in the second quarter. Millennium Management LLC now owns 924,104 shares of the specialty retailer’s stock worth $21,310,000 after acquiring an additional 683,361 shares during the last quarter. Portolan Capital Management LLC raised its holdings in shares of ACM Research by 7.7% during the third quarter. Portolan Capital Management LLC now owns 921,451 shares of the specialty retailer’s stock worth $18,705,000 after acquiring an additional 65,616 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in ACM Research by 9.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 408,135 shares of the specialty retailer’s stock valued at $9,412,000 after purchasing an additional 34,066 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in ACM Research by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,858 shares of the specialty retailer’s stock valued at $8,239,000 after purchasing an additional 13,879 shares in the last quarter. Institutional investors and hedge funds own 66.75% of the company’s stock.

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.