©Reuters.
Executives at ACM Research, Inc. (NASDAQ:), a leading provider of wafer processing solutions for semiconductor manufacturing, recently sold a significant amount of their stock. The executive, who holds the title of senior vice president of manufacturing for ACM Research (Shanghai), Inc., a subsidiary of ACM Research, Inc., completed the stock sale on two separate days.
This transaction, executed pursuant to a pre-arranged trading plan, resulted in the sale of 5,000 shares on March 13, 2024 at an average price of $29.09 per share, and the sale of a total of 5,000 shares on March 14, 2024 at an average price of $29.09 per share. It was sold at. Prices are $27.49 and $28.32 per share. The March 14 sale occurred in multiple transactions, with 2,617 shares priced between $27.03 and $27.88, and 2,383 shares priced between $28.10 and $28.53.
In total, the executives sold approximately $284,877 worth of stock. This sale was conducted pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2023. This type of plan allows corporate insiders to establish predetermined trading arrangements to sell stock at a time when they no longer own significant assets. -Public information.
Following these transactions, executives still own a significant stake in the company. After the last sale on March 14, the executive's remaining ownership was 100,002 shares of Class A common stock, according to the filing.
Investors often monitor insider sales as they can glean management's thoughts on a company's current valuation and future prospects. However, sales made pursuant to a Rule 10b5-1 trading plan are pre-planned to avoid potential violations of insider trading laws and do not necessarily reflect insider discretionary trading behavior. There is no limit.
ACM Research, Inc. specializes in developing and manufacturing advanced wafer processing equipment used by semiconductor manufacturers to improve productivity and engineering efficiency. The company's stock is listed on NASDAQ under the ticker symbol ACMR.
Investment Pro Insights
Amid recent insider trading in ACM Research, Inc. (NASDAQ:ACMR), investors may be looking for additional information to assess the company's financial health and future prospects. ACM Research has a market capitalization of $1.66 billion, reflecting the company's position in the semiconductor equipment industry, according to the latest data from InvestingPro.
According to InvestingPro Tips, ACM Research is in a strong financial position, with more cash than debt on its balance sheet. This liquidity cushions you in volatile markets and provides flexibility for future investments and to weather downturns. Moreover, the company's stock has seen significant gains over the past year, gaining 120.77% as of the latest data. This track record may indicate strong investor confidence in the company's growth trajectory.
From a valuation perspective, ACM Research's P/E of 21.31x is considered low compared to its near-term earnings growth. This could suggest that the stock is undervalued relative to its growth potential, which could make it attractive to value-oriented investors. Additionally, analysts recently revised their earnings estimates upward for next fiscal year, suggesting potential optimism about the company's financial performance.
Additional InvestingPro Tips are posted on the company profile for investors seeking more detailed analysis. These tips provide further insight into ACM Research's financial health and market performance. To explore these tips and take advantage of the full suite of tools InvestingPro has to offer, readers should consider using a coupon code. pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions.
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