David Want, CEO of ACM Research, at the time the stock split was announced. 'We are implementing this stock split to make stock ownership more accessible to employees and investors,' said Dr. Worsening trade relationships with China could adversely impact the company's financial results, but ACMR hopes to mitigate trade risk by finding new customers for its equipment outside of the mainland.ĪCMR declared a 3-for-1 stock dividend in March that was paid to investors on March 23. March quarter revenues fell 4% year-over-year and the firm posted an adjusted per-share loss of 1 cent versus earnings of 12 cents per share one year ago.Īnother risk is ACM Research's heavy reliance on customers in China, who purchase most of its semiconductor manufacturing equipment.

However, in April, the company warned that March quarter results were likely to fall short of guidance due to COVID-related restrictions in Shanghai that have impacted employee access, production and logistics and ACMR's ability to ship finished products to customers.

ACM Research's revenues rose 66% year-over-year in 2021 and earnings per share (EPS) grew 73%.

The company ramped production of new products in 2021 and is on track to double its addressable market opportunity by adding two new product categories. ACMR's technology is protected by more than 350 issued patents. The company primarily supplies single-wafer cleaning equipment and considers its cleaning tools best-in-class, offering higher yields and greater efficiency than competitor equipment. Kicking off our list of stock split stocks is ACM Research ( ACMR (opens in new tab), $11.63), which develops and manufactures semiconductor processing equipment for wafer-level production applications.

What price did nvda split at