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Dun Haiping, a director at ACM Research, Inc. (NASDAQ:ACMR), recently sold a significant portion of the company’s Class A common stock. According to a Form 4 filing with the Securities and Exchange Commission, Haiping sold 15,001 shares on March 10, 2025. The shares were sold at a weighted average price of $26.54, resulting in a total transaction value of $398,126. The sale comes as ACMR shows strong momentum, with the stock posting an impressive 66% return over the past six months and revenue growth of 40% in the last twelve months.
These sales were carried out under a Rule 10b5-1 trading plan, which Haiping adopted on May 17, 2023. The filing notes that the shares were sold in multiple transactions at prices ranging from $26.22 to $26.78. Following this transaction, Haiping holds 764,608 shares directly. Additionally, the Dun Family GST Trust owns 100,000 shares indirectly. The company maintains a strong financial position, with a healthy current ratio of 2.31 and more cash than debt on its balance sheet.
This transaction highlights a strategic financial move by Haiping amidst ACM Research’s ongoing business activities. Investors may find these developments noteworthy as they assess the company’s stock performance and management’s financial strategies. According to InvestingPro analysis, ACMR currently appears undervalued, with 12 additional key insights available to subscribers through the platform’s comprehensive Pro Research Report.
In other recent news, ACM Research reported its fourth-quarter 2024 earnings, significantly surpassing expectations. The company achieved an earnings per share (EPS) of $0.56, exceeding the forecasted $0.3357, and reported revenue of $223.5 million, above the anticipated $181.08 million. This performance marks a 31.2% increase in revenue compared to the previous year. ACM Research’s full-year revenue reached $782.1 million, reflecting a 40.2% increase year-over-year, outpacing the global semiconductor wafer fab equipment market’s growth of 4% in 2024. The company’s cleaning product segment notably contributed to this growth with a 43% revenue increase.
In addition to its financial performance, ACM Research received an Overweight rating from JPMorgan, with a price target set at $36.00. This rating underscores the company’s strong position in the semiconductor industry, particularly in China, and highlights its potential for growth due to the expansion in domestic semiconductor manufacturing. JPMorgan’s confidence in ACM Research is attributed to its robust customer base among Chinese fabrication plants and outsourced semiconductor assembly and test providers. The company’s strategic efforts in diversifying its product offerings and enhancing its technology portfolio are seen as key growth drivers.
Looking forward, ACM Research projects 2025 revenue between $850 million and $950 million, indicating a 15% year-over-year growth. The company aims to expand its product offerings and localize its supply chain to mitigate potential impacts from U.S. export restrictions. ACM Research’s leadership in cleaning and electroplating technologies positions it well to address evolving semiconductor manufacturing needs.
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