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

ACM Research, Inc. (NASDAQ:ACMR) saw some unusual options trading on Monday. Stock traders bought 4,381 put options on the stock. This represents an increase of 51% compared to the typical volume of 2,906 put options.

ACM Research Stock Down 9.2 %

NASDAQ ACMR traded down $1.58 during 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. The company’s fifty day simple moving average is $19.25 and its 200-day simple moving average is $20.10. ACM Research has a fifty-two week low of $13.94 and a fifty-two week 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 company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.10.

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

Insider Activity

In related news, Director Xiao Xing sold 8,304 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 3,430,206 shares of the company’s stock, valued at approximately $69,255,859.14. This represents a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Science & Technology Shanghai sold 275,000 shares of ACM Research stock in a transaction on 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,244,016 shares of company stock worth $26,939,953. 31.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ACM Research

Several hedge funds have recently bought and sold shares of ACMR. Erste Asset Management GmbH bought a new stake in shares of ACM Research during the 3rd quarter worth $37,000. CWM LLC raised its stake in ACM Research by 297.1% during the 2nd quarter. CWM LLC now owns 1,930 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 1,444 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in ACM Research in the 2nd quarter valued at $59,000. Truvestments Capital LLC bought a new position in shares of ACM Research during the 3rd quarter worth about $72,000. Finally, Lazard Asset Management LLC raised its position in shares of ACM Research by 1,197.6% during the first quarter. Lazard Asset Management LLC now owns 3,218 shares of the specialty retailer’s stock valued at $93,000 after buying an additional 2,970 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.