©Reuters.
In a recent transaction, ACM Research, Inc. (NASDAQ:) Director Haiping Dun sold a significant number of shares of the company. The sale, which took place on March 14, 2024, included a total of 19,434 shares of Class A common stock for a transaction value of more than $538,000.
The shares were sold at various prices, with a weighted average price between $27.56 and $28.34. Specifically, 15,877 shares were sold at an average price of $27.56, and 3,557 shares were disposed of at an average price of $28.34. These sales were made pursuant to a Rule 10b5-1 trading plan previously adopted by Dunn on May 17, 2023.
Investors often monitor such insider transactions to learn what company executives and directors think about a stock's value. Following this transaction, Dunn still holds a significant stake in ACM Research, with ownership of his 855,090 shares.
ACM Research, Inc. is based in Fremont, California and specializes in manufacturing equipment for the semiconductor industry. The company's stock price performance and insider transactions are closely monitored by investors looking to gauge market sentiment and likely future performance.
For those interested in a detailed breakdown of transaction prices, the reporting staff undertakes to provide complete information on the number of shares sold at individual prices within the stated ranges, upon request. doing.
Investment Pro Insights
Amid insider trading news for ACM Research, Inc. (NASDAQ:ACMR), InvestingPro's real-time data and analysis provides a deeper look into the company's financial health and stock price performance. ACM Research has demonstrated the following resilience: Market capitalization Sales were approximately $1.66 billion, reflecting the company's significant presence in the semiconductor equipment manufacturing sector.
One of InvestingPro's standout tips highlights that ACM Research has more cash than debt on its balance sheet, which could be a sign of financial stability and prudent management. There is a gender. This should give investors peace of mind that the company can weather various market conditions. Additionally, analysts are confident in the company's near-term earnings potential, with two analysts raising their earnings estimates for next fiscal year.
InvestingPro data also reveals that ACM Research has gained considerable experience. increase in revenue As of Q4 2023, it is 43.44% over the past 12 months. Moreover, the company maintains strong performance. gross profit margin 49.53%, indicating efficient operations and strong market position.
However, the stock has become volatile, as evidenced by the sharp drop in price last week. However, it is important to note that the company has shown high returns over the past month and three months, with the price total return being 38.46% and 51.45%, respectively. These indicators suggest that although the stock has faced recent pressure, the overall trajectory is positive.
Investors looking for comprehensive analysis and additional InvestingPro tips can find more information at https://www.investing.com/pro/ACMR. A total of 14 additional tips are available that provide valuable perspective for those considering investing in ACM Research.Additionally, interested readers can use the coupon code pro news 24 Further enhance your investment research toolkit with an additional 10% discount on InvestingPro's annual or biennial Pro and Pro+ subscriptions.
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