Shimmick corp director Goldsteen sells shares for $3,468

Published 30/05/2025, 21:44
Shimmick corp director Goldsteen sells shares for $3,468

Mitchell B. Goldsteen, a director and significant shareholder of Shimmick Corp (NASDAQ:SHIM), has sold shares in the company, according to a recent SEC filing. The transactions, executed on May 29 and May 30, were part of a pre-established 10b5-1 sales plan. Goldsteen sold a total of 2,052 shares at prices ranging from $1.67 to $1.71 per share, amounting to a total value of $3,468. The sale comes as SHIM’s stock has declined over 27% in the past six months, with the company currently valued at $58.52 million. InvestingPro analysis indicates the stock is currently trading at a low revenue valuation multiple, with 12 additional key insights available to subscribers.

Following these transactions, Goldsteen holds 21,441,766 shares indirectly through GOHO, LLC. Goldsteen has disclaimed beneficial ownership of these securities, except for his pecuniary interest. For comprehensive insider trading analysis and detailed financial metrics, access the full SHIM research report on InvestingPro, part of our coverage of 1,400+ US stocks.

In other recent news, Shimmick Corp reported its Q1 2025 earnings, which significantly missed forecasts. The company posted an earnings per share (EPS) of -$0.22, falling short of the anticipated $0.11, and revenue of $122 million, below the expected $176.8 million. Despite these results, Shimmick reaffirmed its full-year guidance, anticipating a 10-15% revenue increase from Chimich projects and an overall gross margin of 9-12%. The company also reported improved gross margins and a reduced net loss compared to the previous year, indicating better financial health. Shimmick’s strategic shift towards expanding its presence in the electrical and technology infrastructure markets was highlighted during their earnings call. Analysts from Craig Hallum inquired about tariff exposures, to which Shimmick’s CEO confirmed that 96% of materials were bought out, minimizing risk. The company emphasized ongoing efforts to grow its backlog and restore profitability, while also managing legacy projects. Shimmick’s liquidity position was reported to be strong, with total liquidity at $71 million, providing the capital needed for its strategic plans.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.