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Cheav Sotheara, Senior Vice President of Manufacturing at ACM Research (Shanghai), Inc., a subsidiary of ACM Research, Inc. (NASDAQ:ACMR), recently reported a significant stock transaction. The company, which has seen its stock surge over 50% year-to-date and maintains a "GREAT" financial health score according to InvestingPro analysis, continues to draw investor attention ahead of its upcoming earnings report on February 26. On February 6, 2025, Sotheara sold 22,598 shares of ACM Research Class A Common Stock at an average price of $23 per share, amounting to a total value of $519,754. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on August 13, 2024.
In addition to the sale, Sotheara exercised stock options to acquire a total of 22,598 shares of Class A Common Stock at an exercise price of $13.89 per share. This transaction involved a total value of $313,886. Following these transactions, Sotheara holds 100,002 shares directly.
In other recent news, ACM Research has been in the spotlight following a favorable assessment from Kerrisdale Capital. The evaluation, which described the company as an emerging high-growth opportunity, led to a surge in ACM Research’s stock. Kerrisdale Capital highlighted ACM Research’s role as a top supplier of wafer cleaning tools in China, and its significant contribution to the expansion of the domestic semiconductor manufacturing industry.
In recent developments, the company’s revenue has multiplied tenfold over the past six years, a response to U.S. export restrictions aimed at limiting semiconductor technology transfer to China. Kerrisdale Capital anticipates that ACM Research will continue its rapid growth within the Chinese market and evolve into a formidable competitor to global wafer fabrication equipment players.
The report also emphasized the discrepancy between the company’s valuation in China and its NASDAQ listing, indicating a significant undervaluation and potential for growth in the U.S. market. Kerrisdale Capital suggests that ACM Research’s shares could potentially reach a market capitalization of $10+ billion, considering its ownership of 82% of its publicly listed subsidiary in China, ACM Research (Shanghai) Inc.
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