ARM (NASDAQ:ARM) Insider Sells $11,001,702.53 in Stock

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) insider Spencer Collins sold 51,961 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $211.73, for a total value of $11,001,702.53. Following the completion of the sale, the insider owned 51,125 shares of the company’s stock, valued at approximately $10,824,696.25. This trade represents a 50.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ARM Stock Up 6.4%

Shares of ARM traded up $13.37 during mid-day trading on Wednesday, hitting $221.29. 8,623,328 shares of the company’s stock traded hands, compared to its average volume of 7,779,798. ARM Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $239.50. The firm has a market capitalization of $233.80 billion, a P/E ratio of 263.44, a PEG ratio of 7.33 and a beta of 3.40. The business’s 50-day moving average price is $159.14 and its 200-day moving average price is $139.31.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 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%. Sell-side analysts anticipate that ARM Holdings PLC Sponsored ADR will post 1.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ARM. Barclays lifted their target price on shares of ARM from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of ARM from $180.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Jefferies Financial Group reiterated a “buy” rating on shares of ARM in a report on Thursday, May 7th. UBS Group decreased their target price on ARM from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, KeyCorp restated an “overweight” rating on shares of ARM in a research note on Thursday, February 5th. Nineteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.61.

Hedge Funds Weigh In On ARM

Institutional investors and hedge funds have recently modified their holdings of the stock. Grey Fox Wealth Advisors LLC purchased a new position in shares of ARM in the 3rd quarter worth about $28,000. Syntax Research Inc. purchased a new stake in ARM during the 1st quarter valued at about $30,000. Mcguire Capital Advisors Inc. bought a new stake in ARM during the 4th quarter valued at about $30,000. Navalign LLC bought a new stake in ARM during the 4th quarter valued at about $33,000. Finally, FWL Investment Management LLC purchased a new position in ARM in the second quarter worth about $34,000. 7.53% of the stock is currently owned by institutional investors.

ARM Company Profile

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.