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

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) saw some unusual options trading activity on Tuesday. Investors purchased 5,024 put options on the stock. This is an increase of 59% compared to the typical volume of 3,165 put options.

Insider Activity

In other ACM Research news, Director Haiping Dun sold 9,518 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $29.00, for a total transaction of $276,022.00. Following the completion of the sale, the director now directly owns 755,090 shares in the company, valued at $21,897,610. This represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $30.00, for a total value of $4,899,240.00. Following the completion of the transaction, the director now directly owns 100,002 shares in the company, valued at $3,000,060. This represents a 62.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 289,174 shares of company stock valued at $8,213,329 in the last ninety days. Company insiders own 31.24% of the company's stock.

Hedge Funds Weigh In On ACM Research

A number of institutional investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC bought a new stake in shares of ACM Research in the first quarter worth $823,000. CWM LLC increased its position in shares of ACM Research by 227.9% in the 1st quarter. CWM LLC now owns 11,331 shares of the specialty retailer's stock worth $264,000 after purchasing an additional 7,875 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of ACM Research in the 1st quarter worth about $545,000. Penserra Capital Management LLC acquired a new stake in shares of ACM Research in the 1st quarter valued at about $1,911,000. Finally, Bank of New York Mellon Corp lifted its position in shares of ACM Research by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 214,017 shares of the specialty retailer's stock worth $4,995,000 after purchasing an additional 4,108 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ACMR. Craig Hallum raised shares of ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. started coverage on ACM Research in a report on Friday, February 28th. They issued an "overweight" rating and a $36.00 price target for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, ACM Research has an average rating of "Moderate Buy" and a consensus target price of $29.40.

ACM Research Stock Up 7.2 %

Shares of NASDAQ:ACMR traded up $1.34 during trading on Friday, hitting $19.93. The company's stock had a trading volume of 1,334,555 shares, compared to its average volume of 1,488,626. ACM Research has a fifty-two week low of $13.87 and a fifty-two week high of $30.64. The stock's 50-day moving average price is $23.36 and its two-hundred day moving average price is $20.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The company has a market capitalization of $1.16 billion, a PE ratio of 15.10 and a beta of 1.65.

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.