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FREMONT, Calif.—Mark McKechnie, Chief Financial Officer and Treasurer of ACM Research, Inc. (NASDAQ:ACMR), recently executed a significant stock transaction. According to a recent SEC Form 4 filing, McKechnie sold 15,000 shares of ACM Research’s Class A Common Stock on March 12, 2025, at an average price of $27.42 per share, totaling approximately $411,300. This sale was conducted under a Rule 10b5-1 trading plan adopted on March 7, 2024. The transaction comes as ACM Research, with a market capitalization of $1.84 billion, has demonstrated remarkable performance, posting a 93.25% return year-to-date and maintaining strong revenue growth of 40.23% over the last twelve months.
In a related transaction on the same day, McKechnie exercised stock options to acquire 15,000 shares at a price of $5.6 per share, amounting to a total purchase value of $84,000. Following these transactions, McKechnie holds 900 shares of the company’s stock directly.
These transactions highlight McKechnie’s active management of his equity holdings in ACM Research, a company specializing in advanced semiconductor process equipment.
In other recent news, ACM Research has reported its fourth-quarter 2024 earnings, surpassing Wall Street expectations with an earnings per share (EPS) of $0.56, significantly beating the forecasted $0.3357. The company also exceeded revenue expectations, reporting $223.5 million for the quarter, compared to the projected $181.08 million, marking a 31.2% year-over-year increase. ACM Research’s full-year revenue reached $782.1 million, a 40.2% increase from the previous year, outpacing the global semiconductor wafer fab equipment market growth of 4% in 2024. The company has forecasted 2025 revenue between $850 million and $950 million, reflecting a 15% year-over-year growth, while aiming for a gross margin of 42-48%.
In other developments, JPMorgan has initiated coverage on ACM Research with an Overweight rating and set a price target of $36.00. The analysts highlighted ACM Research’s strong position in the semiconductor industry, particularly in China, and its potential for growth due to ongoing expansion and investment in domestic semiconductor manufacturing. This endorsement is based on the company’s robust customer base among Chinese fabrication plants and Outsourced Semiconductor Assembly and Test providers, which is seen as a key growth driver. ACM Research’s leadership in wafer cleaning and electrochemical plating technologies, along with its expansion into other semiconductor equipment areas, further solidifies its strategic market positioning.
The company has also been focusing on expanding its product offerings and localizing its supply chain to mitigate potential impacts from U.S. export restrictions. ACM Research’s strategic initiatives include enhancing its technology portfolio and diversifying its product lines to address evolving semiconductor manufacturing needs. Despite potential risks such as U.S. export controls and market cyclicality, ACM Research remains confident in its ability to maintain strong visibility and growth through 2025.
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