ARM (NASDAQ:ARM) Insider Charlotte Claire Eaton Sells 3,100 Shares of Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider Charlotte Claire Eaton sold 3,100 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $252.25, for a total value of $781,975.00. Following the sale, the insider owned 11,805 shares of the company’s stock, valued at $2,977,811.25. This trade represents a 20.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Charlotte Claire Eaton also recently made the following trade(s):

  • On Thursday, May 21st, Charlotte Claire Eaton sold 4,000 shares of ARM stock. The shares were sold at an average price of $282.77, for a total transaction of $1,131,080.00.

ARM Trading Up 16.2%

ARM stock opened at $298.23 on Friday. ARM Holdings PLC Sponsored ADR has a one year low of $100.02 and a one year high of $298.70. The firm has a market capitalization of $315.08 billion, a PE ratio of 355.04, a P/E/G ratio of 9.32 and a beta of 3.40. The firm has a 50-day moving average of $175.32 and a two-hundred day moving average of $142.53.

ARM (NASDAQ:ARMGet Free Report) last released its earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $1.49 billion during the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%. On average, equities research analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

ARM has been the topic of several recent research reports. Royal Bank Of Canada raised their price objective on shares of ARM from $175.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. HSBC upgraded ARM from a “reduce” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $205.00 in a research note on Friday, March 20th. Benchmark restated a “hold” rating on shares of ARM in a research note on Thursday, February 5th. Mizuho boosted their price target on ARM from $230.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Evercore lowered their price target on shares of ARM from $215.00 to $170.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.79.

Get Our Latest Stock Analysis on ARM

Key ARM News

Here are the key news stories impacting ARM this week:

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ARM. Grey Fox Wealth Advisors LLC bought a new position in shares of ARM in the 3rd quarter valued at about $28,000. Syntax Research Inc. bought a new position in shares of ARM in the 1st quarter valued at about $30,000. Evelyn Partners Investment Management Services Ltd bought a new position in shares of ARM in the 1st quarter valued at about $30,000. Mcguire Capital Advisors Inc. bought a new position in shares of ARM in the 4th quarter valued at about $30,000. Finally, Navalign LLC bought a new position in shares of ARM in the 4th quarter valued at about $33,000. Institutional investors own 7.53% of the company’s stock.

ARM Company Profile

(Get Free Report)

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.

Further Reading

Insider Buying and Selling by Quarter for ARM (NASDAQ:ARM)

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