Insider Selling: ARM (NASDAQ:ARM) Insider Sells $5,090,501.85 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) insider Richard Roy Grisenthwaite sold 24,339 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $209.15, for a total transaction of $5,090,501.85. Following the transaction, the insider owned 5,543 shares in the company, valued at approximately $1,159,318.45. The trade was a 81.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

ARM Trading Up 16.2%

ARM stock opened at $298.23 on Friday. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $298.70. The company has a market cap of $315.08 billion, a PE ratio of 355.04, a PEG ratio of 9.32 and a beta of 3.40. The company’s 50-day moving average is $175.32 and its two-hundred day moving average is $142.53.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 earnings per share for the quarter. The business had revenue of $1.49 billion for the quarter. ARM had a net margin of 18.37% and a return on equity of 12.43%. Research analysts forecast that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ARM shares. Needham & Company LLC increased their price target on shares of ARM from $200.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. UBS Group cut their price target on shares of ARM from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. JPMorgan Chase & Co. cut their price target on shares of ARM from $180.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of ARM in a research report on Monday, April 20th. Finally, HSBC upgraded shares of ARM from a “reduce” rating to a “buy” rating and increased their price target for the company from $90.00 to $205.00 in a research report on Friday, March 20th. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.79.

Key ARM News

Here are the key news stories impacting ARM this week:

• Positive Sentiment: Jefferies said Nvidia’s bullish comments on its Arm-based Vera CPU business are a positive signal for ARM, reiterating a Buy rating and $290 price target. Article: Nvidia CPU comments read positively for this chip stock: analyst
• Positive Sentiment: Bernstein initiated coverage with an Outperform rating and a $300 price target, highlighting Arm’s upside in CPUs and chip IP as AI infrastructure spending grows. Article: What Is Going On With Arm Stock On Wednesday?
• Positive Sentiment: Multiple reports said ARM rallied on renewed AI optimism, with investors viewing the company as a core pick in custom silicon and AI-related semiconductor spending. Article: Why Arm Holdings Stock Surged to an All-Time High Today
• Neutral Sentiment: Several insiders, including CFO Jason Child, disclosed stock sales. Some were tied to pre-arranged 10b5-1 plans or tax withholding on vested awards, so they are not necessarily a negative operating signal.
• Neutral Sentiment: There is also ongoing chatter about a possible U.S. antitrust probe, which adds uncertainty but is still early-stage and not a confirmed finding.

Hedge Funds Weigh In On ARM

Hedge funds have recently made changes to their positions in the business. Rathbones Group PLC grew its stake in shares of ARM by 4,638.8% during the 4th quarter. Rathbones Group PLC now owns 500,043 shares of the company’s stock worth $54,660,000 after acquiring an additional 489,491 shares in the last quarter. Pacific Heights Asset Management LLC grew its stake in shares of ARM by 32.1% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 185,000 shares of the company’s stock worth $26,176,000 after acquiring an additional 45,000 shares in the last quarter. Paragon Capital Management Inc. acquired a new stake in shares of ARM in the 4th quarter valued at approximately $826,000. Lansdowne Partners UK LLP acquired a new stake in shares of ARM in the 3rd quarter valued at approximately $8,486,000. Finally, Hyperion Asset Management Ltd acquired a new stake in shares of ARM in the 3rd quarter valued at approximately $202,980,000. 7.53% of the stock is owned by institutional investors.

About ARM

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.