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FREMONT, CA — Hu Chenming, a director at ACM Research, Inc. (NASDAQ:ACMR), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Hu sold 163,308 shares of Class A Common Stock on March 17, 2025, at a price of $30 per share, amounting to a total transaction value of approximately $4.9 million. The sale comes as ACMR shows strong momentum, with the stock up over 70% in the past six months. According to InvestingPro analysis, the company appears undervalued at current levels.
Following this sale, Hu retains ownership of 100,002 shares in the company. The transaction was executed as part of a pre-established Rule 10b5-1 trading plan, which Hu adopted in December 2024. This plan allows insiders to set up a predetermined schedule for selling stocks to avoid any potential accusations of insider trading. InvestingPro data shows ACMR maintains strong financial health with a current ratio of 2.31 and holds more cash than debt on its balance sheet.
ACM Research specializes in the development of specialized industry machinery and is headquartered in Fremont, California. The company has demonstrated robust growth with revenue increasing by 40% in the last twelve months, while maintaining a healthy gross profit margin of 50%. Discover more insights with InvestingPro, which offers 12 additional investment tips for ACMR.
In other recent news, ACM Research reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.56, significantly higher than the forecasted $0.3357. The company’s revenue for the quarter reached $223.5 million, exceeding the projected $181.08 million and reflecting a 31.2% year-over-year increase. Looking forward, ACM Research projects 2025 revenue between $850 million and $950 million, indicating a potential 15% year-over-year growth. Additionally, JPMorgan has initiated coverage on ACM Research with an Overweight rating, emphasizing the company’s strong market position in the semiconductor industry, particularly in China. The firm set a price target of $36.00, highlighting the company’s growth potential amid China’s expanding semiconductor manufacturing investments. In a strategic move, ACM Research has appointed industry veteran Charlie Pappis to its Board of Directors, aiming to strengthen its leadership as it seeks to expand its U.S. investments. These developments underscore ACM Research’s robust performance and strategic positioning in the semiconductor equipment sector.
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