In a recent transaction, Haiping Dun, a director at ACM Research, Inc. (NASDAQ:ACMR), sold a significant number of shares in the company. The sale, which took place on March 14, 2024, involved a total of 19,434 shares of Class A Common Stock, with the transaction amounting to over $538,000.
The shares were sold at varying 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, while 3,557 shares were disposed of at an average price of $28.34. These sales were conducted under a Rule 10b5-1 trading plan, which was previously adopted by Dun on May 17, 2023.
Investors often monitor insider transactions such as these for insights into the perspectives of company executives and directors regarding the stock's value. Following the transaction, Dun still holds a substantial amount of ACM Research stock, with ownership of 855,090 shares.
ACM Research, Inc., based in Fremont, California, specializes in manufacturing equipment for the semiconductor industry. The company's stock performance and insider transactions are closely watched by investors seeking to gauge market sentiment and potential future performance.
For those interested in the detailed breakdown of the transaction prices, the reporting person has committed to providing full information regarding the number of shares sold at each separate price within the stated ranges upon request.
InvestingPro Insights
Amidst the insider transaction news at ACM Research, Inc. (NASDAQ:ACMR), real-time data and analysis from InvestingPro offer a deeper look into the company's financial health and stock performance. ACM Research has demonstrated resilience with a market cap of approximately $1.66 billion USD, reflecting its significant presence in the semiconductor equipment manufacturing sector.
One of the standout InvestingPro Tips highlights that ACM Research holds more cash than debt on its balance sheet, which can be a sign of financial stability and prudent management. This could reassure investors about the company's ability to navigate through various market conditions. Additionally, analysts have shown confidence in the company's near-term earnings potential, with two analysts revising their earnings upwards for the upcoming period.
InvestingPro Data also reveals that ACM Research has experienced a considerable revenue growth of 43.44% over the last twelve months as of Q4 2023. Moreover, the company has maintained a robust gross profit margin of 49.53%, indicating efficient operations and a strong market position.
However, the stock has seen volatility, as indicated by a significant price decrease over the last week. Yet, it is essential to note that the company has shown a strong return over the last month and three months, with price total returns of 38.46% and 51.45%, respectively. These metrics suggest that while the stock has faced recent pressures, its overall trajectory has been positive.
For investors looking for comprehensive analysis and additional InvestingPro Tips, they can discover more at https://www.investing.com/pro/ACMR. There are a total of 14 additional tips available, offering valuable perspectives for those considering an investment in ACM Research. Moreover, interested readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, further enhancing their investment research toolkit.
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