ACM Research, Inc. (NASDAQ:ACMR) has reported a significant transaction by Director Dun Haiping, who sold shares in the company worth approximately $435,378. The transaction took place on May 29, 2024, and involved the sale of 19,239 shares of Class A Common Stock at an average price of $22.63 per share.
Investors following ACM Research's insider transactions will note that the shares were sold in multiple transactions at prices ranging from $22.42 to $23.05. The sale was carried out under a Rule 10b5-1 trading plan, which was adopted by Haiping on May 17, 2023. Rule 10b5-1 plans allow company insiders to set up predetermined trading plans for selling stocks they own, providing them with a defense against potential insider trading accusations.
Following this transaction, Dun Haiping still maintains a substantial stake in the company, with 855,090 shares of ACM Research, Inc. remaining in his possession. This indicates a continued vested interest in the company's performance, despite the recent sale.
ACM Research, Inc., headquartered in Fremont, California, specializes in developing and manufacturing single-wafer wet cleaning equipment, which is utilized in semiconductor production. The sale by Director Haiping is a notable event that may be of interest to current and potential investors, as insider sales can often provide insights into an insider’s view of the company’s value.
The company has not issued any statements regarding the transaction, and it remains one of the various insider activities that publicly traded companies regularly report. Interested parties can request detailed information about the specific prices at which the shares were sold within the reported range, as indicated in the footnotes of the SEC filing.
InvestingPro Insights
ACM Research, Inc. (NASDAQ:ACMR) has recently been in the spotlight due to insider trading activity, but what do the numbers say about the company's financial health and performance? Here's a snapshot of ACMR's current financial metrics and analyst insights that could help investors make more informed decisions.
InvestingPro Data reveals that ACMR has a market capitalization of $1.34 billion, reflecting its overall market value as of the latest data. The company's P/E ratio, which compares its current share price to its per-share earnings, stands at 14.74, suggesting that investors may find the valuation reasonable relative to its earnings. Additionally, ACMR has experienced robust revenue growth of 51.02% over the last twelve months as of Q1 2024, indicating a strong upward trajectory in its financial performance.
An InvestingPro Tip to consider is that ACMR holds more cash than debt on its balance sheet, which could be a sign of financial stability and resilience. This is a crucial factor for investors who prioritize a company's ability to manage its financial obligations and invest in future growth. Moreover, analysts predict the company will be profitable this year, a positive outlook that may bolster investor confidence in the company's ability to generate sustainable earnings.
For investors seeking more comprehensive insights, there are additional InvestingPro Tips available at https://www.investing.com/pro/ACMR. These tips can provide deeper analysis and perspectives on ACMR's financial health, market position, and potential risks and opportunities.
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