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FREMONT, CA—David H. Wang, the Chief Executive Officer, President, and Director of ACM Research, Inc. (NASDAQ:ACMR), recently executed a series of stock sales amounting to approximately $3.55 million. The transactions come amid ACMR’s impressive 81.7% year-to-date stock surge and strong financial health rating from InvestingPro. The sales, conducted over three consecutive days, involved the sale of Class A Common Stock at prices ranging from $26.57 to $27.65 per share.
On March 11, Wang sold 56,250 shares at a weighted average price of $26.57. The following day, he sold an additional 37,500 shares at an average price of $27.42. On March 13, sales continued with 36,481 shares sold at an average price of $27.29, followed by a smaller tranche of 1,019 shares at $27.65. These sales were executed under a Rule 10b5-1 trading plan, which Wang adopted in May 2024 and amended in August 2024. The transactions occurred as ACMR, with its $1.74 billion market capitalization, trades near its 52-week high of $33.40.
Following these transactions, Wang retains direct ownership of 672,708 shares. Additionally, indirect holdings include shares owned by family members and trusts. The sales were part of a pre-arranged trading plan, allowing for systematic stock disposition without the influence of market conditions. According to InvestingPro analysis, ACMR currently appears undervalued, with 12 additional ProTips available to subscribers examining the company’s growth potential and financial stability.
In other recent news, ACM Research reported strong financial results for the fourth quarter of 2024, exceeding Wall Street forecasts. The company achieved an earnings per share of $0.56, surpassing the projected $0.3357, and recorded revenue of $223.5 million, which was above the expected $181.08 million. This marked a 31.2% increase in revenue compared to the previous year. Furthermore, ACM Research’s full-year revenue reached $782.1 million, representing a 40.2% increase from the prior year. The company projects 2025 revenue between $850 million and $950 million, indicating a potential 15% year-over-year growth.
Additionally, JPMorgan initiated coverage on ACM Research with an Overweight rating and set a price target of $36.00. This endorsement highlights the company’s strong position in the semiconductor industry and its growth potential, particularly within the Chinese market. ACM Research’s robust customer base and its advancements in wafer cleaning and electrochemical plating technologies were key factors in JPMorgan’s positive outlook. These developments underscore ACM Research’s strategic efforts to expand its product offerings and enhance its technology portfolio in response to evolving industry needs.
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