ARM (NASDAQ:ARM) Insider Sells $2,440,212.18 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARMGet Free Report) insider William Abbey sold 10,887 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $224.14, for a total value of $2,440,212.18. Following the transaction, the insider owned 43,353 shares of the company’s stock, valued at approximately $9,717,141.42. This trade represents a 20.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

William Abbey also recently made the following trade(s):

  • On Thursday, May 21st, William Abbey sold 4,655 shares of ARM stock. The stock was sold at an average price of $287.03, for a total value of $1,336,124.65.
  • On Wednesday, May 20th, William Abbey sold 5,069 shares of ARM stock. The stock was sold at an average price of $257.18, for a total value of $1,303,645.42.
  • On Friday, May 15th, William Abbey sold 7,000 shares of ARM stock. The stock was sold at an average price of $212.55, for a total value of $1,487,850.00.
  • On Thursday, April 23rd, William Abbey sold 1,577 shares of ARM stock. The stock was sold at an average price of $199.00, for a total value of $313,823.00.

ARM Trading Up 2.8%

ARM stock opened at $306.51 on Friday. The stock has a 50-day moving average price of $179.05 and a two-hundred day moving average price of $143.68. The stock has a market cap of $323.83 billion, a PE ratio of 364.89, a price-to-earnings-growth ratio of 11.13 and a beta of 3.40. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $315.00.

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 firm 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, analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ARM

Several hedge funds have recently bought and sold shares of ARM. Grey Fox Wealth Advisors LLC acquired a new stake in ARM in the 3rd quarter valued at about $28,000. Syntax Research Inc. acquired a new stake in ARM in the 1st quarter valued at about $30,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in ARM in the 1st quarter valued at about $30,000. Mcguire Capital Advisors Inc. acquired a new stake in ARM in the 4th quarter valued at about $30,000. Finally, Navalign LLC acquired a new stake in ARM in the 4th quarter valued at about $33,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ARM shares. Barclays increased their price objective on shares of ARM from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ARM in a research note on Thursday, May 7th. New Street Research upgraded shares of ARM from a “neutral” rating to a “buy” rating in a research note on Thursday, February 5th. UBS Group reduced their price objective on shares of ARM from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group increased their price objective on shares of ARM from $125.00 to $150.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $208.79.

View Our Latest Stock Analysis on ARM

Key Stories Impacting ARM

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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.

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

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